The independent research organisation has found that LNG and gas purchases (through pipelines) to the European Union also increased by 20% and 10% respectively.
While speaking at the India-Uk Strategic Futures Forum earlier this month, S Jaishankar reiterated that European countries were the biggest importers of Russian gas and oil.
Deputy National Security Adviser for International Economics of the Biden administration, Daleep Singh, courted controversy after he threatened India with 'consequences' for purchasing oil from Russia
Lars Barstad, the CEO of a New York-listed tanker company has been quoted by the FT report as saying, "the discounts on the Russian Urals for India was about $25-30 per barrel. Freight rates would add only $3-4 per barrel, making the trade economic for India."
These 'experts' have chosen to conveniently ignore that major NATO countries have continued to purchase billions of dollars worth of Russian oil and gas while using heavy words to denounce the Russian military operation in Ukraine, and pumping weapons into the war, basically paying both sides to fight.