India, China top buyers of Russian oil in February, data show

Russian seaborne fuel oil and vacuum gasoil (VGO) exports sustained their dominance in February, primarily to China and India, as reported by traders and LSEG data. This trend has persisted since the European Union imposed a comprehensive embargo on Russian oil products in February 2023, redirecting the majority of Russia's fuel oil and VGO to alternative markets, mainly in Asia.