New Delhi: After the attack on Ukraine, many western countries including America have imposed strict economic restrictions on Russia. America has banned the import of Russian oil. In such a situation, Russia is struggling to sell its crude oil and other goods all over the world. Russia has contacted its friendly nation India in such a situation. Regarding this, Indian officials say that the Indian government is considering buying crude oil and other things from Russia at a discount price.
Two Indian officials have told that Russia has said to deal with these things in rupees and rubles. Explain that India imports 80 percent of its oil requirement. Of this, only 2 to 3 per cent has been procured from Russia so far. But on the one hand, after the Ukraine crisis, the prices of crude oil in the world have increased by 40 percent, on the other hand Russia is forced to sell crude oil cheaply.
The Indian government wants that it should not be affected by the increased inflation of crude oil due to the Ukraine crisis. Due to this strategy, it is preparing a plan to buy cheaper oil from Russia. This will help the government in limiting its expenditure on oil in times of inflation.
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