India buys crude oil from Russia in defiance of Python

by time news

It has come to light that India has bought and stockpiled crude oil from Russia despite US opposition.

Western nations have imposed severe sanctions on Russia over its invasion of Ukraine.

Britain, the United States and European countries in particular have tightened sanctions on Russia. But not all world powers follow suit.

In particular, India has rejected calls from Western countries to impose sanctions on Russia’s oil and gas.

Russia, meanwhile, has been hit hard by sanctions and is offering crude oil and gas at huge discounts.

Attracted by huge concessions, India has been exposed to buying more crude oil from Russia since the day the invasion of Ukraine began.

India has bought more crude oil from Russia this year than last year, according to data compiled by Reuters.

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US President Joe Biden has categorically told Prime Minister Modi that they do not want India to become too dependent on Russian energy.

Reuters has exposed India’s accumulation of crude oil from Russia despite opposition from Joe Biden.

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