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Bloomberg reported on the supply of Russian oil to India at a cost below the price cap

March 2, 2023

The cost of Russian oil imported by India is well below the ceiling price set by Western countries, reports Bloomberg.The US State Department spoke about the price of oil from the Russian Federation for New Delhi, journalists noted. According to them, the American authorities are constantly negotiating with their Indian colleagues over the country’s purchase of black gold from the Russian Federation, while the United States is doing its best to deprive Russia of the revenue from the sale. energy resources.India benefits from deep discounts on Russian oil, but its importation imposes certain difficulties linked to Western restrictions. Buying the resource at a price below the established cap of $60 a barrel must be proven to Indian buyers, which requires additional verification. Also, it may affect Russia’s oil supply.

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