India ready to import Russian oil - report

India ready to import Russian oil - report

India may import from Russia around 15 million barrels of cheap crude oil in 2022, Business Standard reported.

On Tuesday, IIndian Petroleum and Natural Gas Minister Hardeep Singh Puri said that New Delhi was negotiating with Russia the price and logistics of shipping discounted oil after Moscow was hit with a US ban on imports.

According to the Business Standard newspaper, India will pay for the Russian oil either with rupees or with rubles.

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