India Resumes Oil Imports from Russia

India Resumes Oil Imports from Russia

Fərid Əlizadə · İqtisadiyyat ·

India has resumed oil imports from Russia, which it had temporarily halted due to pressure from the United States.

The editorial board, citing Bloomberg, reports that Moscow has stated it expects India to purchase oil from Russia at discounted prices, despite Washington's threats regarding customs duties.

According to the information, the approximately 5 percent discount offered by Russia has made Russian oil indispensable for India. According to the Kremlin's position, India's continued imports appear inevitable thanks to this concession.

Thus, India's energy dependence on Russia continues despite economic pressure from the United States.

Farid Alizade