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India: State Firms Seek Russian Crude To Secure Supplies - Printable Version

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India: State Firms Seek Russian Crude To Secure Supplies - theold - 30-04-2022

Western sanctions against Russia forced many countries to find alternative sources, but a growing number of G-20 members are becoming defiant and ignoring Washington and continuing to do business with Moscow outside the dollar system.

Reuters also notes that New Delhi has asked state-run energy companies to evaluate a potential purchase of European oil major BP's stake in sanctions-hit Russian firm Rosneft. BP exited its stake in Rosneft in late February, taking a massive $25 billion hit.

https://www.zerohedge.com/commodities/heatwave-triggers-indian-power-crisis-state-firms-negotiate-russia-crude-imports-secure