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Russia expects India to keep buying its oil and seeks China-India-Russia talks
- Russia will continue supplying oil to India through a "very, very special mechanism," as stated by a Russian official.
- President Putin is expected to visit India by the end of this year to meet with Prime Minister Modi, according to the Russian official.
- Russia is the largest supplier of crude oil to India, with India's energy demands increasing every year, as highlighted by the Russian official.
- The Russian official expressed confidence that both countries can work through challenges to find mutually satisfying solutions.
42 Articles
42 Articles
Russia Counts on Big Oil Discount to Keep India Buying Despite US Pressure
Russia expects India to maintain its purchases of Russian oil despite mounting pressure from Washington, a senior Russian official has said, according to Bloomberg on August 20. Speaking to reporters in New Delhi on Wednesday, Evgeny Griva, Russia’s deputy trade representative in India, said that Indian imports of Russian crude are likely to remain at current levels. He emphasized that Moscow continues to offer oil at about a 5% discount, leavin…
Russia offers 5 pc discount on crude oil supplies to India amid US tariffs
Amid mounting US tariffs on India, Russia, on Wednesday, August 20, announced that it will supply crude oil at a 5 percent discount. “There will be a 5 percent discount, subject to negotiation, on Russian crude oil purchases to India. Despite the political situation, approximately the same level of oil will be imported,” deputy trade representative of Russia to India, Evgeniy Griva said. Also ReadExplainer: How will Trump’s tariff affect Indian …
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