Russia offers big Indian discounts on direct oil purchases as sales to a cruise to other countries after tight sanctions on the invasion to Ukraine, Bloomberg reported Thursday. Russia is willing to sell high-quality oils of up to $ 35 a barrel – which can increase to $ 45 a barrel after the latest surge in global prices – and want India to buy 15 million barrels in the first deal.

Russia also offers payment of rupee denominations using its SPFS financial messaging system – because Moscow has been banned from Swift – which can make trade more attractive to India, said the source to Bloomberg.

The offer came a day after the Foreign Minister S Jaishankar, in talks with British Secretary of England Liz Truss, strongly defending India’s decision to buy Russian oil discounts – steps criticized by the United States and England. Jaisankar shows Russia sells more to European countries than India and India welcome India offering competitive offers to meet developing domestic demand.

When prices rise, I think it’s natural for countries to find good offers for their people,” he said, referring to reports that European countries had bought nearly 15 percent more oil from Russia in March in March.

if we wait two or three months and see the big buyers of oil and gas Russian, I suspect that the list will not be too different from what used to and I suspect we will not be in the top 10″

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david waker

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