US sets conditions for India to keep buying Russian oil ...News

Russia Today - Economy
US sets conditions for India to keep buying Russian oil
source : Russia Today ( News ) () 31
New Delhi should either abide by the G7 price cap, or refrain from using Western insurance and shipping services Washington has given its blessing for India to keep buying as much Russian oil as it wishes, even at prices exceeding those set by the G7-imposed cap mechanism – but only if it refrains from using Western insurance, finance and maritime services to fulfill the transactions. Russian crude “is going to be selling at bargain prices, and we’re happy to have India get that bargain or Africa or China,” US Treasury Secretary Janet Yellen told Reuters in New Delhi, where she met India's Finance Minister Nirmala

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