Novak: Half of Russia’s oil and petroleum exports in 2023 went ‎to China

Official Russian news agencies quoted Deputy Prime Minister Alexander Novak as saying in statements published on Wednesday that half of Russia’s oil and petroleum exports in 2023 went to China, while India’s share rose in two years to 40%.

According to Reuters, Novak, who is responsible for the energy sector in Russia, said, “The main partners in the current situation are China, whose share has risen to approximately 45 to 50 percent, and of course India.”

He added, “Previously, there were no supplies to India, and within two years, the total share of supplies to India reached 40%.”

Novak continued, saying that Europe’s share in Russian crude exports fell to about 4 to 5% from about 40 to 45%.