Crude oil purchased from Russia at discounts..!?

frame Crude oil purchased from Russia at discounts..!?

Sowmiya Sriram
Crude oil purchased from russia at discounts..!?

It is known that Western countries have imposed sanctions on russia during the ongoing war with Ukraine. Due to this, russia has data-faced serious economic difficulties. At such a time, our country is known to have purchased a large amount of crude oil from russia at a low price. Interesting facts related to this purchase have come to light. The Central for Research on Energy and Clean air has revealed in a report that india has purchased about 112.5 billion euros worth of crude oil from russia since the start of the war with Ukraine. This includes details of payments received by russia for fossil fuels.
Since the start of the war, russia has earned 835 billion euros from fossil fuel exports. Among the countries that bought large amounts of crude oil from russia, china bought 235 billion euros worth of fuel. india bought 205.84 billion euros worth of fuel. The fuels purchased in this way include coal, gas, and crude oil. russia made large purchases in the context of cheap oil due to the sanctions imposed due to the war. This has led to cheap fuels. However, it is said that the situation has changed now. At that time, a discount of 18-20 percent was available per barrel, but now it has been revealed that only a three percent discount is available.
For more interesting updates click and follow Indiaherald WhatsApp channel

Find Out More:

crude oil

Related Articles:

Unable to Load More