Russia offers a big discount on oil
The Russian authorities also issue payments in rubles and rupees using financial messaging systems (SPFS, similar to SWIFT). India finds the offer very tempting, press edition. However, a final decision has not yet been made.
“India’s oil consumption in Russia has been very successful over the years. Therefore, the country does not currently plan to buy a lot of Russian fuel, ”said Vandana Hari, an analyst at Vanda Insights.
Russia and India offer the possibility of searching through the port of Vladivostok. In this case, it will take less than 20 days to reach India. In turn, in order to restore the trade balance, India intends to increase exports of medicines, engineering products and chemicals to Russia.
On March 17, Business Standard reported that India could import 15 million barrels of Russian oil at a reduced price. According to the newspaper, they plan to develop deliveries on CIF terms. Under this standard, the seller pays for the delivery of the goods to the port, as well as insurance, loading and charter of the ship itself.
Earlier it became known that India intends to double the import of Russian coking coal, a key ingredient in steel production. Experts believe that because of the decision, Russia is offering conditions that are ready to regulate with it, extremely high conditions.
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