Updated: July 19, 2023, 06:58 PM IST
livemint
India invites the wrath of the West on Russian oil. B… MoreIndia invites the wrath of the West on Russian oil. But it was in India’s interest to buy Russian oil at a subsidized rate, so the Modi government stood firm and bought ship-ships of Russian Ural grade oil. It was also a win for Russia, which found a buyer with unlimited appetite, so it didn’t mind the discount, but that has changed. The huge discount on Russian crude which was once up to $30 a barrel has come down to just $4. What will India do now? Watch the video to find out.