Alumina exports to Russia surge as others avoid sale to Moscow

News Snapshot:

THE SURGE in India’s import of Russian crude oil has come under the spotlight, but a sharp pick-up in India-Russia trade in another commodity has largely been under the radar. India’s exports of aluminium oxide, or alumina, to Russia jumped to 2.58 lakh tonnes in April-February of financial year 2022-23 (FY23) from nil in the corresponding period of FY22, latest available data with the Indian commerce ministry shows. Like in the case of crude oil, shifting global trade flows in the aftermath of Moscow’s February 2022 invasion of Ukraine is largely behind this trend. Also Read | As India buys...