India will look at accepting Russia’s offer of discounted oil, once tanker and insurance cover issues are resolved.
In general, India imports about 2-3% of its fuel from Russia – 80% of all oil used in the country is imported overall – and is now looking at establishing a rupee-ruble trade mechanism to permit the two countries to do business outside sanctions.
The Indian government is also looking forward to Russian fertilizer too which may cost cheaper at this moment.
Reactions by Telegram users:
“India always stand with Russia..Best friends since decades.”
“Great idea! Work for the benefit of your own people not the west.”
“Some how inspite of all the issues this war bringing India China and Pakistan closer than ever.”
“I hope after this move fuel prices comes down and it badly increased during this conflict time more than pandemic time.”