Tag: oil import

The fierce war between Russia and Ukraine is going on for past 18 days. While, on the one hand, Russian attacks have devastated various cities in Ukraine, on the other hand, the condition of Russia is also getting battered by sanctions applied on it from other countries including America. Meanwhile, now there is relief news for Russia from India. In fact, a report quoted sources as saying that India is now considering buying subsidized Russian oil and other items amid the on going war that will benefit both Russia and India. Russia's barrage of sanctions According to the report came to the fore, there is a possibility that India can consider the proposal given by Russia for buying oil. Under this, crude oil along with other commodities can be purchased at concessional rates by India from