Finally, Russia will continue their oil deliveries to India. President Vladimir Putin will meet with Prime Minister Narendra Modi in New Delhi by the end of the year, said on Wednesday, August 20, an official of the Russian Embassy in India.
Russia has a “very special mechanism” to continue providing oil to India, said Roman Babauchkine, responsible for business at the Russian embassy in India, during a press conference, and added that oil imports from Russia’s Indian would remain at the same level. A date for the interview between Vladimir Putin and Narendra Modi has not yet been established.
Russian oil purchases have already taken over
According to Bloomberg’s information, refiners, including Indian Oil Corp. and Bharat Petroleum Corp., have already bought several Russian oil load urals in the last two days, merchants have said near the file that wanted to remain in anonymity because they are not allowed to speak publicly. The loads will be loaded in September and October, they added.
At the beginning of the month, public refineries suspended their Urals oil purchases, their flagship product, for the coming months, after the pressure exerted by the United States. At the end of July, New Delhi asked the Transformers to develop plans to move away from Russian oil in case of supplying supplies. An official said that this instruction was equivalent to scenario planning.
Additional duties of US customs for India
The United States should impose additional customs tariffs on August 28% in India, due to the increase in Russian oil imports after the implementation of Western sanctions.
Last month, the European Union sanctioned Nayara Energy, an Indian company supported by Russia, which led the refiner to reduce its activities and companies to limit its exchanges with it. Trade between India and Russia should grow 10% per year, said Evgeniy Griva, deputy commercial representative
From Russia to India, during the newspaper of the press.
Source: BFM TV
