India wants deeper discounts on Russian crude – media ...News

New Delhi is reportedly looking to compensate for increased trade risks India is trying to get deeper discounts on Russian oil to compensate for increased trade risks when dealing with Moscow amid Western sanctions, Bloomberg reported on Wednesday, citing people with knowledge of the matter. According to the report, the South Asian country is seeking Russian crude at less than $70 a barrel on a delivered basis to compensate for additional hurdles, such as securing financing for purchases, in high-level talks between the two countries. The unnamed sources indicated that India’s state-owned and private refiners have

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