On EU official call against India over Russian oil, Jaishankar’s blunt response
1 year, 7 months ago

On EU official call against India over Russian oil, Jaishankar’s blunt response

Hindustan Times  

NEW DELHI: India has pushed back against a suggestion by a top European Union official for a crackdown on Russian oil resold by Indian firms as refined fuels, with external affairs minister S Jaishankar saying such exports don’t violate EU regulations. External affairs minister S Jaishankar addresses the media during a press conference on the EU-India Trade and Technology Council at EU headquarters in Brussels EU foreign and security policy chief Josep Borrell said on Tuesday that Brussels is aware Indian refiners are buying large volumes of Russian crude oil and processing it into fuels for sale in Europe. Asked about Borrell’s remarks by a reporter, Jaishankar replied: “I really don’t see the basis for your question because my understanding of the Council regulations is that if Russian crude is substantially transformed in a third country, then it’s not treated as Russian any more.” He added, “I would urge you to look at Council regulation 833/2014.” This regulation, which is part of measures put in place by the EU to restrict Russia’s earnings from crude oil following the invasion of Ukraine, bans the import of crude oil and petroleum products originating in Russia. At his bilateral meeting with Jaishankar, Borrell reiterated the EU’s “unwavering resolve” to support Ukraine, including efforts to “secure a comprehensive, just and lasting peace based on the UN Charter”.

India Europe Brussels Ukraine Russian Jaishankar Borrell Crude Oil Russian Oil Russian Crude  official  blunt  jaishankar  ukraine  crude  oil  response  eu  council  sanctions  russian  borrell  india  jaishankars

History of this topic

Indian state refiners may buy Mideast spot oil to replace Russian shortfall
2 weeks, 3 days ago

Indian state refiners may buy Mideast spot oil to replace Russian shortfall

Live Mint  

* State refiners look to Middle East crude * Russian oil exports drop on domestic demand, OPEC * Three state refiners may tap stocks to cover processing in March By Nidhi Verma NEW DELHI, Dec 24 - Indian state refiners are considering tapping the Middle East crude market as spot supply from their top supplier Russia have fallen, three refining …

Rosneft, Reliance agree biggest ever India-Russia oil supply deal: Reports
4 weeks, 1 day ago

Rosneft, Reliance agree biggest ever India-Russia oil supply deal: Reports

Deccan Chronicle  

Russia's state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day of crude to Indian private refiner Reliance in the biggest ever energy deal between the two countries, three sources familiar with the deal said.The 10-year agreement amounts to 0.5% of global supply and is worth roughly $13 billion a year at today's prices. The company declined …

S Jaishankar on criticism of India buying Russian oil: Do you have a better deal
1 month ago

S Jaishankar on criticism of India buying Russian oil: Do you have a better deal

India Today  

External Affairs Minister S Jaishankar on Saturday defended India's decision to purchase oil from Russia amidst the ongoing Russia-Ukraine war and asked whether the world has a "better deal" to meet the energy demands of India. Speaking at the 22nd edition of the Doha Forum panel on 'Conflict Resolution in a New Era', the bureaucrat-turned-politician further said that after nearly …

"There is no military solution to the Ukraine war," Jaishankar asserts in recent interview
1 month, 2 weeks ago

"There is no military solution to the Ukraine war," Jaishankar asserts in recent interview

India Today  

In a recent interview with Corriere della Sera, India's External Affairs Minister Subrahmanyam Jaishankar emphasised the necessity for diplomatic solutions to global conflicts, particularly the ongoing war in Ukraine. He stated, “There is no military solution to the Ukraine war,” advocating for increased diplomatic efforts to engage all parties involved, including both Moscow and Kyiv. He noted, “The EU is …

Russia wants to become the second-largest oil producer in the world
1 month, 3 weeks ago

Russia wants to become the second-largest oil producer in the world

China Daily  

Russia is reportedly considering a major oil-sector shakeup by merging three of its largest oil companies: state-backed Rosneft and Gazprom Neft and privately-held Lukoil. Notably, the consolidation could allow Russia to command higher prices for crude oil exports to major buyers like India and China. This shift is driven by Russia’s substantial discounts on crude oil, which have made it …

India to achieve $100-billion trade with Russia well before 2030 target: Jaishankar
Trending News
1 month, 4 weeks ago

India to achieve $100-billion trade with Russia well before 2030 target: Jaishankar

Hindustan Times  

India is confident of achieving commerce worth $100 billion with Russia before the target date of 2030 though the two sides need to address constraints to ensure trade is more balanced, external affairs minister S Jaishankar said on Tuesday. The two sides have seen “perceptible progress” in tackling challenges to trade, especially issues related to payments and logistics, but there …

Russian oil finds its way to Europe via India; India now biggest exporter of fuel to EU
2 months ago

Russian oil finds its way to Europe via India; India now biggest exporter of fuel to EU

The Hindu  

India's export of fuels like diesel to the European Union jumped 58% in the first three quarters of 2024, with a bulk of them likely coming from refining discounted Russian oil, according to a monthly tracker report. "In the 13 months since the oil price cap took effect, over one-third of India's exports of oil products to sanctioning countries was …

‘India did entire world a favour’: Hardeep Singh Puri on India’s stance to buy Russian oil, ‘if we had not done so…’
2 months ago

‘India did entire world a favour’: Hardeep Singh Puri on India’s stance to buy Russian oil, ‘if we had not done so…’

Live Mint  

Union Petroleum and Natural Gas minister Hardeep Singh Puri said that India's decision to buy oil from Russia amid global uncertainties helped prevent a potential spike in global oil prices. In an interview with CNN's Becky Anderson in Abu Dhabi, Union minister Puri explained that if the Indian government hadn't bought Russian oil, global oil price would have gone up …

Jaishankar in Germany: Russia, Ukraine have to negotiate, and India is willing to advise if they want
4 months ago

Jaishankar in Germany: Russia, Ukraine have to negotiate, and India is willing to advise if they want

The Hindu  

India has a four-point principle towards the resolution of the Russia-Ukraine conflict, said External Affairs Minister S. Jaishankar on Tuesday. Responding to a question from The Hindu about the possibility of India hosting the conference, and playing a role as peacemaker, Mr. Jaishankar said that India believes in four principles: that this should be a time of peace; that there …

No sanctions against India for purchasing, refining Russian oil: U.S. Treasury officials
9 months ago

No sanctions against India for purchasing, refining Russian oil: U.S. Treasury officials

The Hindu  

April 04, 2024 07:55 pm | Updated 09:51 pm IST - NEW DELHI Striking a conciliatory note on India’s imports of Russian oil, U.S. Treasury department officials visiting Delhi said on April 4 that the aim of U.S. sanctions and the oil “price cap” was not to limit the purchase of Russian ‘Ural’ oil, but to limit the revenues made …

US has not asked India to reduce Russian oil imports: Officials
9 months ago

US has not asked India to reduce Russian oil imports: Officials

Hindustan Times  

NEW DELHI: The US has not asked India to reduce its imports of Russian oil and the price cap and sanctions regime imposed by the G7 are aimed at squeezing Moscow’s profits from crude sales and impeding its ability to finance the war in Ukraine, two US officials said on Thursday. Russian oil is priced above $60 a barrel The …

US to tell event in India that price cap on Russian oil working
9 months ago

US to tell event in India that price cap on Russian oil working

Hindustan Times  

The G7 price cap on Russian oil shipments is cutting the revenue that Moscow has available to support its invasion of Ukraine, and the mechanism's effectiveness is helped by the recent actions of Indian refiners, U.S. officials will tell an event in New Delhi on Thursday, according to prepared remarks. "We know that the Indian economy has much at stake …

Russian Ukraine conflict: CNN claims India is helping Putin get richer. Here's how it is wrong
10 months ago

Russian Ukraine conflict: CNN claims India is helping Putin get richer. Here's how it is wrong

Op India  

The Russian oil industry is “booming despite war, sanctions” and CNN is livid with disbelief, to put it mildly. They have demanded to “close the “refining loophole”, which allows EU and G7 countries to import oil products — mainly diesel, jet fuel and gasoline — produced from Russian oil at refineries in third countries like India, Turkey or UAE.” India …

’My friend...’: Russian FM lauds Jaishankar’s response on oil import
10 months ago

’My friend...’: Russian FM lauds Jaishankar’s response on oil import

Live Mint  

Russian foreign minister Sergey Lavrov has praised an old remark made by India's External Affairs Minister S Jaishankar at the United Nations. Lavrov at the World Youth Forum in Russia's Sochi called Jaishankar "My friend" and heaped praises on the Indian minister for navigating bilateral ties between New Delhi and Moscow amid the Ukraine war. Russian oil import According to …

‘My friend, S Jaishankar…’: Sergey Lavrov lauds EAM over Russian oil imports statement
10 months ago

‘My friend, S Jaishankar…’: Sergey Lavrov lauds EAM over Russian oil imports statement

Hindustan Times  

Russian foreign minister Sergey Lavrov has lauded external affairs minister S Jaishankar for navigating bilateral ties between New Delhi and Moscow amid the Ukraine war and recalled how his Indian counterpart responded when Western pundits demanded to know why India still aligned with his country. Sergey Lavrov was addressing the World Youth Forum in the Russian city of Sochi where …

‘Russia never hurt our interests’: Jaishankar defends India’s ties with Moscow
10 months, 3 weeks ago

‘Russia never hurt our interests’: Jaishankar defends India’s ties with Moscow

Live Mint  

External Affairs Minister S Jaishankar, in an interview with a German economic daily, Handelsblatt, has said that many Western countries used to supply arms to Pakistan and not India, adding that the trend has changed in the past decade. Jaishankar reaffirmed India's "stable and friendly ties" with Russia and said Moscow has never hurt the interests of New Delhi. On …

Europe buying Russian oil via India at record rates in 2023 despite Ukraine war
11 months, 4 weeks ago

Europe buying Russian oil via India at record rates in 2023 despite Ukraine war

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. India became the world’s leading importer of Russian crude …

Why India's oil purchase from Russia declined: Hardeep Singh Puri explains
1 year ago

Why India's oil purchase from Russia declined: Hardeep Singh Puri explains

Hindustan Times  

Union minister of petroleum and natural gas Hardeep Singh Puri said crude oil supply in India from Russia has not dropped because of the payment-related issues. Union Minister of Petroleum and Natural Gas Hardeep Singh Puri India is one of the largest importers of crude oil in the world, but its imports from Russia significantly decreased over the past few …

At Jaishankar, Sergey Lavrov meeting, a push to expand export of Russian energy
1 year ago

At Jaishankar, Sergey Lavrov meeting, a push to expand export of Russian energy

Hindustan Times  

NEW DELHI: India and Russia on Wednesday agreed to explore ways to expand the export of Russian energy, including oil and coal, to Indian markets as external affairs minister S Jaishankar and his counterpart Sergey Lavrov charted a course for future cooperation between the two countries. Jaishankar said Russian supplies of energy, coking coal and fertilisers were “very big components” …

Russia minister says oil supplies to India increased to 40 percent since Ukraine war
1 year ago

Russia minister says oil supplies to India increased to 40 percent since Ukraine war

Hindustan Times  

Moscow: Russia's deputy prime minister Alexander Novak said on Wednesday his country has redirected most its oil supplies towards India and China after the West enforced economic sanctions against it over the Ukraine war. "China -- whose share has grown to 45-50 percent -- and India have become our main partners in the current situation," Novak was quoted as saying …

India supports U.N.'s efforts in continuing Black Sea Grain Initiative
1 year, 5 months ago

India supports U.N.'s efforts in continuing Black Sea Grain Initiative

The Hindu  

India has voiced support for the U.N.'s efforts in continuing the Black Sea Grain initiative and expressed hope for an early resolution to the present impasse, a day after Russia announced it was terminating implementation of the U.N.-brokered deal that allowed export of grain and related foodstuffs and fertilisers from Ukrainian ports. Moscow on Monday said it was terminating the …

Russia oil discount to India shrinks to $4, delivery charges remain opaque
1 year, 6 months ago

Russia oil discount to India shrinks to $4, delivery charges remain opaque

India TV News  

The steep discounts on Russian crude oil that India gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continue to remain 'opaque' and higher than normal, sources said. The discounts could have been higher if state controlled units, who account for roughly 60 per cent of the 2 million barrels per day of …

As grain deal nears deadline on July 17, U.S. appeals to India to use ‘unique voice’ with Russia
1 year, 6 months ago

As grain deal nears deadline on July 17, U.S. appeals to India to use ‘unique voice’ with Russia

The Hindu  

With the clock ticking on the Black Sea Grain Initiative deal’s extension this month, the U.S. envoy to Ukraine appealed to India on Wednesday to use its influence with Russia to ensure that grain exported from Ukraine isn’t blocked. “India’s leaders have a unique voice to stand up for developing countries and encourage the continuation and the expansion of the …

Russia pressurising India to avoid being placed on FATF's blacklist; Will India take any steps to save Moscow?
1 year, 7 months ago

Russia pressurising India to avoid being placed on FATF's blacklist; Will India take any steps to save Moscow?

India TV News  

In a major development, the Financial Action Task Force which leads global action to tackle money laundering, terrorist and proliferation financing, is mulling to put Russia on the "black list" amid the ongoing war against its neighbouring country, Ukraine. Although it sounds quite familiar amid the fact the intergovernmental organisation had removed Moscow from the list of member counties in …

EU’s top diplomat wants to increase scrutiny on European buyers of Indian products based on Russian oil
1 year, 7 months ago

EU’s top diplomat wants to increase scrutiny on European buyers of Indian products based on Russian oil

The Hindu  

May 19, 2023 09:10 pm | Updated 10:34 pm IST - London Days after saying the European Union had to curb the import of refined petroleum products from India, the EU’s top foreign affairs and security official, Josep Borrell, suggested that EU entities buying refined products from India were primarily accountable for the leakage of Russian oil-based products into the …

India hits back at EU’s criticism over Russian oil: ‘Look at your regulations’
1 year, 7 months ago

India hits back at EU’s criticism over Russian oil: ‘Look at your regulations’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. India’s foreign minister Subrahmanyam Jaishankar, who was in Brussels …

EU Foreign Minister says Europe should stop entry of Indian products made from Russian oil
1 year, 7 months ago

EU Foreign Minister says Europe should stop entry of Indian products made from Russian oil

The Hindu  

Hours before his meeting in Brussels with External Affairs Minister S. Jaishankar, the European Union’s Foreign Minister, Josep Borrell, said that Europe should not permit the entry of refined petroleum products from India that are made from Russian oil. Mr. Borrell’s remarks were made to the Financial Times in an interview, in which the Minister said it was “certainly a …

EU to curb Indian fuel imports made with Russian oil: Report
1 year, 7 months ago

EU to curb Indian fuel imports made with Russian oil: Report

Al Jazeera  

The EU’s foreign policy chief has called for a crackdown of Russian oil into Europe as refined fuel, including diesel. Josep Borrell, the European Union’s foreign policy chief, has said that the bloc will act against the importation of Indian petroleum products that use Russian oil, in rare explicit criticism of India’s role in helping Russia evade Western sanctions amid …

Russia launches intense air raid on Kyiv, top Chinese diplomat to tour Ukraine and Russia
1 year, 7 months ago

Russia launches intense air raid on Kyiv, top Chinese diplomat to tour Ukraine and Russia

ABC  

Russia launched an exceptionally intense air attack on Kyiv in the early hours of Tuesday, using drones, cruise and probably ballistic missiles, city officials said, as the Ukrainian capital suffered its eighth air raid this month. Key points: Russia fired six ballistic missiles from aircraft, nine cruise missiles from ships in the Black Sea and three missiles from land Ukraine …

India becomes Europe's largest supplier of refined fuels after Russian oil ban
1 year, 8 months ago

India becomes Europe's largest supplier of refined fuels after Russian oil ban

Hindustan Times  

India has become Europe's largest supplier of refined fuels this month while simultaneously buying record amounts of Russian crude, according to data from analytics firm Kpler. Europe's refined fuel imports from India are set to surge above 360,000 barrels a day, edging just ahead of those of Saudi Arabia, Kpler's data show. It also means that more competition for Europe's …

India is largest supplier of refined fuels to Europe: Report
1 year, 8 months ago

India is largest supplier of refined fuels to Europe: Report

Live Mint  

India has become Europe's largest supplier of refined fuels this month, according to data from analytics firm Kpler. Europe's refined fuel imports from India are set to surge above 360,000 barrels a day, edging just ahead of those of Saudi Arabia, according to Kpler's data. It also means that more competition for Europe's oil refiners which can't access cheap Russian …

Ukraine War Has Furthered Chances for India To Leverage Its Ties With Russia
1 year, 8 months ago

Ukraine War Has Furthered Chances for India To Leverage Its Ties With Russia

The Quint  

As per Indian figures, bilateral trade during the year 2020 was just about USD 8.1 billion, Indian exports amounted to USD 2.6 billion, while imports from Russia were USD 5.48 billion. Visiting Russian DPM Manturov who is also the trade minister, has been holding talks with his counterparts in India on a Free Trade Agreement, as well as a Bilateral …

India, Russia begin talks on Eurasia free trade deal
1 year, 8 months ago

India, Russia begin talks on Eurasia free trade deal

Hindustan Times  

India and Russia are discussing a free trade agreement involving the Eurasian Economic Union, leaders of the two countries said on Monday against the backdrop of bilateral economic ties seeing a sharp expansion since the start of the Ukraine war. Visiting Russian deputy prime minister Denis Manturov, who is also the trade minister, listed India among his country’s “trusted foreign …

India nudges Russia to address trade imbalance due to discounted oil
1 year, 8 months ago

India nudges Russia to address trade imbalance due to discounted oil

Hindustan Times  

NEW DELHI: India and Russia are discussing a free trade agreement involving the Eurasian Economic Union, leaders of the two countries said on Monday against the backdrop of bilateral economic ties seeing a sharp expansion since the start of the Ukraine war. Russian deputy prime minister Denis Manturov and external affairs minister S Jaishankar at the India-Russia Business Dialogue in …

India may buy Russian crude past cap if cut by OPEC+ boosts costs - What FM said
1 year, 8 months ago

India may buy Russian crude past cap if cut by OPEC+ boosts costs - What FM said

Live Mint  

As the Ukraine-Russia war continues, much has been said about India's ongoing import of Russian oil. Now, Finance Minister Nirmala Sitharaman has indicated that the country will explore buying Russian crude oil near or past the price cap imposed by the G-7 if necessary. While India has not signed any agreement with the Western powers to impose a price cap …

Russian oil exports back above pre-Ukraine war levels as India and China buy 90%
1 year, 8 months ago

Russian oil exports back above pre-Ukraine war levels as India and China buy 90%

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Fuels from Russian oil gets backdoor entry into Europe via India
1 year, 9 months ago

Fuels from Russian oil gets backdoor entry into Europe via India

Live Mint  

Record high imports of crude oil from Russia in fiscal 2022-23 helped India's refiners boost exports of diesel and jet fuel to Europe as the continent shunned Russian products, preliminary ship-tracking data from Kpler and Vortexa showed. India's imports of Russian crude in March rose for the seventh straight month to end out the fiscal year as top supplier to …

Russia announces deal to boost oil supplies to India
1 year, 9 months ago

Russia announces deal to boost oil supplies to India

The Hindu  

Russian energy giant Rosneft announced a deal on Wednesday to ramp up oil sales to India, as Moscow seeks new buyers in the wake of tensions with the West over the Ukraine conflict. "Rosneft Oil Company and Indian Oil Company signed a term agreement to substantially increase oil supplies as well diversify the grades to India," Rosneft said in a …

Russia says oil sales to India soared 22-fold last year
1 year, 9 months ago

Russia says oil sales to India soared 22-fold last year

Al Jazeera  

Sales to India surged in 2022 as European buyers turned to other markets after the Ukraine war, Russian deputy PM says. Russian oil sales to India surged more than 22-fold last year as European buyers turned to other markets following the conflict in Ukraine, Russia’s deputy prime minister has said. Russia shifted its oil exports to India and China last …

Russian oil becomes more pricey with pool of Asian buyers expands
1 year, 10 months ago

Russian oil becomes more pricey with pool of Asian buyers expands

Live Mint  

The price of Russian crude and fuel is rising for buyers in Asia as a pool of bigger customers from China and India expands, putting pressure on smaller refiners that have eagerly consumed the cheap oil. The larger refiners have muscled in to a patch typically dominated by China’s smaller independent processors, known as teapots, which have been consistent consumers …

How China and India’s appetite for oil and gas kept Russia afloat
1 year, 10 months ago

How China and India’s appetite for oil and gas kept Russia afloat

Al Jazeera  

Despite Western-led sanctions aimed at punishing Russia over its war in Ukraine, growing demand for Russian energy imports has helped keep the country’s besieged economy afloat. China and India, both of which have declined to condemn Russia or impose sanctions over the war, became the biggest buyers of Russian crude oil last year as Western countries restricted imports and imposed …

India's procurement of crude oil at lowest price from Russia furthering G7 approach: U.S.
1 year, 10 months ago

India's procurement of crude oil at lowest price from Russia furthering G7 approach: U.S.

The Hindu  

By driving a hard bargain with Russia in procuring crude oil at the lowest price possible, India is furthering the policy of G7 nations to reduce Russian oil revenues and Washington is comfortable with New Delhi on issues relating to energy security, a top Biden administration official has said. Assistant Secretary of State for Energy Resources Geoffrey R. Pyatt told …

U.S. will not sanction India for buying Russian oil, say senior American officials
1 year, 11 months ago

U.S. will not sanction India for buying Russian oil, say senior American officials

The Hindu  

The United States does not intend to sanction India over its continued purchase of Russian oil, senior American officials have said, calling New Delhi one of their most “consequential” partners. Ahead of a week-long visit to India by U.S. Assistant Secretary for Energy Resources Geoffrey Pyatt, where the response to the war in Ukraine will be on the agenda, the …

‘Not looking to sanction India, our relations are most consequential’: U.S.
1 year, 11 months ago

‘Not looking to sanction India, our relations are most consequential’: U.S.

The Hindu  

U.S. Assistant Secretary of State for European and Eurasian Affairs Karen Donfried on Wednesday said that the U.S. is comfortable with the approach India has taken in buying oil from Russia and added that her country is not looking to sanction New Delhi as the relations between the two countries are most consequential. While responding to a media query regarding …

'US won't impose sanctions on India for purchasing Russian oil despite oil price cap': Top Energy official
1 year, 11 months ago

'US won't impose sanctions on India for purchasing Russian oil despite oil price cap': Top Energy official

India TV News  

The United States on Wednesday confirmed that it was not planning to impose any sanctions on India, amid the fact New Delhi exporting record-high Russian oil irrespective of the European Union and West imposed price cap on energy resources. EU, G7 partners agree on price cap on Russian petroleum products Notably, both the EU and the US adopted further price …

India's unwavering appetite for Russian crude lifts Jan. inflows to record high
1 year, 11 months ago

India's unwavering appetite for Russian crude lifts Jan. inflows to record high

The Hindu  

India's appetite for Russian crude oil in January rose to unseen levels, continuing to remain above traditional Middle-Eastern suppliers for the fourth month in a row, as refiners rushed to snap up plentiful cargoes available at a discount to other grades. From a market share of less than 1% in India's import basket before the start of the Russia-Ukraine conflict, …

India's unwavering appetite for Russian crude lifts January inflows to record high
1 year, 11 months ago

India's unwavering appetite for Russian crude lifts January inflows to record high

The Hindu  

India's appetite for Russian crude oil in January rose to unseen levels, continuing to remain above traditional middle eastern suppliers for the fourth month in a row, as refiners rushed to snap up plentiful cargoes available at a discount to other grades. From a market share of less than 1% in India's import basket before the start of the Russia-Ukraine …

India-Russia relations 'under stress' amid war and 'West interference', says top Moscow official
1 year, 11 months ago

India-Russia relations 'under stress' amid war and 'West interference', says top Moscow official

India TV News  

India-Russia relationship: Amid the ongoing war between Russia and Ukraine and the alleged soaring influence of the West, a top Russian official claimed that the relations between Moscow and New Delhi are currently going under "stress". The Russian official alleged the US government working as an " Further, Alipov asserted that the mechanism for Rupee-Rouble trade between India and Russia …

Discounts make Russia third-largest oil supplier to India
1 year, 11 months ago

Discounts make Russia third-largest oil supplier to India

Al Jazeera  

Refiners in India, the world’s third-biggest oil consumer and importer, have been gorging on discounted Russian oil. Russia became the third-largest oil supplier to India in 2022, making up about 15 percent of total purchases, dragging down OPEC’s share to the lowest in more than a decade, the Reuters news agency has reported, citing data from industry sources. Refiners in …

Discover Related