Posted inEnergy

India basking in cut-rate Russian oil

In his November 2022 visit to Moscow, Indian External Affairs Minister Subrahmanyam Jaishankar stated that “India will continue buying Russian oil as it is advantageous for the country.” Buying Russian oil is both economically and strategically advantageous for India. Russian oil comes at a discounted price, which benefits India as it imports 85% of the oil it consumes. […]