- Apr 28, 2015
- Reaction score
- Third Coast
- Political Leaning
Russia may have found a buyer for its cheap oil: India | CNN Business
India may take up a Russian offer to buy crude oil and other commodities at a discount, two Indian officials said, in a sign that Delhi wants to keep its key trading partner on board despite Western attempts to isolate Moscow through sanctions.
"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.
The official added that such trade required preparatory work including transportation, insurance cover and getting the right blend of crude, but once that was done India would take Russia up on its offer.
It seems India is heavily dependent upon Putin for arms & oil, to the point it the Indians will take advantage of the situation, to the detriment of the West's sanctions.