India snaps up cheap Russian oil and coal
Oil purchases 31 times higher than a year ago, coal buying up six-fold
NEW DELHI: India’s purchases of Russian coal have spiked in recent weeks despite global sanctions on Moscow, as traders offer discounts of up to 30%, according to two trade sources and data reviewed by Reuters.
The rise in purchases of Russian oil has been even more dramatic, with Russian traders reportedly offering very flexible payment terms.
Russia, facing severe Western sanctions over its invasion of Ukraine, warned the European Union in April against sweeping sanctions on…
