
Ukraine Russia War Updates: Since the attack on Ukraine, many western countries including America have imposed strict economic sanctions on Russia. The US has banned the import of Russian oil. In such a situation, Russia is struggling to sell its crude oil and other goods to the world. Russia has approached its friendly country India in such a situation. Regarding this, Indian officials say that the government is considering buying crude oil and other things from Russia at a discount price. Two Indian officials said that Russia has said to deal with these things in Rupee-Ruble.
India imports 80 percent of its oil requirement. Of this, only 2 to 3 percent of the purchase has been done from Russia so far. But on the one hand, after the Ukraine crisis, the prices of crude oil in the world have increased by up to 40 percent, while on the other hand Russia is forced to sell crude oil cheaply. The Indian government wants that due to the Ukraine crisis, it should not be affected by the increased inflation of crude oil. Due to this strategy, it is preparing a plan to buy cheaper oil from Russia. This will help the government to limit its expenditure on oil during inflationary times.
An Indian government official said, “Oil and other things are being offered from Russia at huge discounts. We have no problem buying it. But there are many things to pay attention to including tanker, insurance cover. Once these issues are sorted out, then we will go ahead with the procurement. Many countries of the world have refused to buy oil from Russia since sanctions. But Indian officials say that these restrictions will not affect imports. The official said that at present the mechanism of trade in Rupee-Ruble is being prepared.
Russia has appealed to friendly countries to continue business
However, both the officials declined to reveal how much oil has been offered and how much discount is being given by Russia. As of now, there is no official comment from the central government in this regard. Let us tell you that amidst the restrictions imposed by the Western countries, Russia has appealed to the friendly countries to continue trading and investing with it. India has longstanding ties with Russia and has been absent from voting against it in the UN.
Indian Railways Holi Special: On the occasion of the Holi festival, some more Holi special trains
Amidst the apprehension of the fourth wave of the Corona epidemic, the central government has sta
Claim in UNESCO report: 13.20 crore boys out of reach of school, girls ahead in studies too
About 1.32 million boys of primary and secondary schooling age are out of reach of the school and
Amid the fall in crude oil prices in the international market, the government has reduced the win
It has been more than 45 days since the Russia-Ukraine war. The devastation that has wreaked havo
Neeraj Chopra is being praised all around after winning the silver medal in the Paris Olympics. A
Canada has accused India of involvement in the murder of Khalistani terrorist Hardeep Singh Nijja
After facing defeat in Operation Sindoor, Pakistan Prime Minister Shehbaz Sharif on Monday expres
There was an attack on Monday outside the house of Delhi Commission for Women chairperson Swati M
India Rankings 2022: IIT Madras got first place in India Ranking, know which institutes won
The Ministry of Education, Government of India has today released the National Institutional Rank