Tag: Russian Oil
Dollar Dethroned? India’s Use Of Chinese Yuan For Russian Oil Redraws The Global Financial Map
As India continues to purchase Russian crude oil despite Donald Trump’s additional 25% tariff, Indian refiners now have started making payments to Russia in China currency Yuan.Russian oil buyers have been avoiding payment by US dollar due to sanctions. India used to use Yuan to… Read More
India Prepares To Host Putin Amid Tensions With US Over Oil Imports
Russian President Vladimir Putin is set to visit India later this year, National Security Adviser Ajit Doval confirmed on Thursday (7 August) during a visit to Moscow, NDTV has reported. The announcement comes at a moment of deepening friction between New Delhi and Washington, after… Read More
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RUSSIAN OIL IMPORTS SURGE: A DUAL VICTORY FOR THE MODI GOVERNMENT
In the history of independent India, no Finance Minister has faced the unique challenge of three consecutive budgets across three consecutive years going for a toss before Nirmala Sitharaman in 2020 when her budget was put on a nationwide lockdown in the wake of a… Read More
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Russian Oil Companies Offering Huge Discounts To India!
Amid all this there are reports that India might get a discounted oil directly from Russia if India chooses to trade with Russian companies. Some sources are suggesting the discount could be as high as 27%. In its latest tender issued this week, the state-owned… Read More
