Andrey Rudakov/Bloomberg through Getty Images
Two Indian officers stated Monday that India is significantly contemplating a Russian provide that might permit them to purchase crude oil and different commodities for paise on the rupee.
“Russia is offering oil and other commodities at a heavy discount. We will be happy to take that,” one unnamed Indian authorities official stated.
The officers additionally stated New Delhi was in search of offers on Russian-made agricultural fertilizer.
Neither official disclosed how a lot oil was on provide, or how a lot the deal would internet Russia.
The discussions come as governments across the globe have sanctioned Moscow over the Russian invasion of Ukraine, inflicting the ruble to plummet and the crash of the Russian financial system to seem imminent.
India, which has but to publicly condemn the invasion, is a long-time buying and selling associate of Russia.
New Dehli is especially reliant on the Kremlin for army {hardware}, with consultants estimating that as a lot as 60 % of Indian army gear is made in Russia.
Get the most recentupdateswithin the Russia-Ukraine battle with The Post’s dwell protection.
India has beforehand leased a nuclear submarine from Russia, and is in talks to lease a alternative within the coming years. Indian officers are additionally at present anticipating the supply of Russian-made missile techniques.
With Post wires
The post India ‘happy’ to buy crude, other goods from Russia as it struggles under sanctions first appeared on Umorr.
