Discounted Russia crude gives India Rs 35k crore gain

India is estimated to have gained Rs 35,000 crore by importing Russian crude at discounts since the Ukraine conflict began in February, people in the know said. India went on bargain hunting for Russian crude as the conflict prompted Moscow’s traditional buyers to shun those barrels and traders, stuck with shipments, started offering big discounts. India has opted to import crude from Russia despite pressure from developed nations to shun shipments.

from Times of India https://ift.tt/guRaDGd