India Tells Oil Companies to Load Up on Discounted Russian Crude

The Indian authorities has requested state oil firms to scoop up enormous volumes of low-cost crude from Russia, in accordance to business executives, strengthening industrial ties with the nation even because the West tightens sanctions on Moscow.

Western nations have sought to hamper Russia’s potential to use its huge oil and fuel exports to fund the warfare in Ukraine. The emergence of India as a significant purchaser of Russian oil has the potential to take the sting out of the sanctions. Other nations, together with China and Turkey, have additionally stepped up their purchases of Russian oil, although the country’s exports stay under prewar ranges.