As West shuns Moscow, officials say India eyes more cheap Russian oil

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India considers buying discounted Russian oil, commodities, officials say

3-min readBy Aftab Ahmed, Manoj Kumar and Krishna N. Das

India has not condemned the invasion of Ukraine and abstained from voting at the United Nations calling out Russia's aggression. Russia calls its actions in Ukraine a "special operation" to demilitarise and "denazify" the country. "Russia is offering oil and other commodities at a heavy discount. We will be happy to take that," one of the Indian government officials said.

Apart from oil, India is also looking for cheaper fertiliser from Russia and its ally Belarus, according to one of the officials.Indian officials said they could not suddenly replace Russia with other suppliers, particularly in the defence sector. Initial supplies of the system started late last year despite a U.S. law aimed at deterring countries from buying Russian military hardware.

 

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