India's state-owned oil refiners are negotiating with Russia to conclude a long-term agreement on oil imports. This was reported by Reuters , UNN reported, citing its own sources.
Details
According to the publication, India and Russia have not yet agreed on the terms of oil imports, including the currency in which payments will be made.
Joint negotiations between state-owned oil refiners and Russia are already underway
It is noted that private oil refiners Nayara Energy and Reliance Industries have already signed urgent agreements to import Russian oil.
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Later, Indian private refiners may join the negotiations.
Addendum
Reuters noted that Russia is currently the largest supplier of oil to India , the world's third largest importer and consumer of oil.
India has become the largest buyer of Russian offshore oil at a discount, as Western companies refuse to buy because of sanctions imposed on Russia for its full-scale invasion of Ukraine.
Recall
The White House opposes new sanctions on Russian oil tankers, fearing that it could lead to higher gasoline prices and hurt Biden's election campaign.
