By Admin 
India may soon import cheaper oil from Russia and also get more consignment of S-400 missile system. Russia has offered India a discount of 3 to 4 dollars per barrel on its ural crude oil compared to Brent. Last week, this discount was around $ 2.5 and about $ 1 in July. This offer is offered for cargo loaded in the late September and October. This has been revealed in the reports on Tuesday (2 September).
On the other hand, talks are going on between India and Russia regarding the additional supply of the S-400 missile system. Russia will hand over the last two units to India by 2026 and 2027. Significantly, in the year 2018, there was an agreement of $ 5.5 billion between the two countries, under which five S-400 units were to be received. Three of these units have already been received by India.
India may soon get new consignment of S-400 air defense system
India is expected to get a new consignment of cheap oil and S-400 air defense system from Russia. It is being told that the S-400 system played a big role in India’s Operation Sindoor at terrorist bases in Pakistan and PoK in May.
Russian officer Dimitri Shugayev said that there is scope to increase cooperation in this area and negotiations are going on on new delivery. This offer has come at a time when India is facing pressure from America. Recently, President Donald Trump has imposed 50% tariff on Indian imports. Half of these tariffs have been imposed for increasing oil trade from Russia in India. According to US officials, India’s Russian oil imports have increased considerably since the Ukraine War started in 2022.
India can get more supply of oil than before
According to a report by Reuters, the oil supply to India from Russia in September may increase by 10–20%, that is, an additional 1.5 to 3 lakh barrels daily as compared to August, but America is very angry at this increasing imports. Many top officials of Trump administration have targeted India. He says that India is earning a profit of billions of dollars by purchasing cheaper oil from Russia.
What did American Treasury Secretary Scott Besant say?
American Treasury Secretary Scott Besant recently said, “Indian Arbitraj (Business to buy cheap oil and sell further) has started only during Ukraine War. It is completely unacceptable. India is making profiteering and earning billions.”
In early August, Donald Trump, while announcing 50% tariff on India, described the deals from Russia directly. He wrote on Truth social social, “India has always done a large part of its military deals from Russia and in terms of energy, he is the biggest buyer of Russia with China. While the whole world wants Russia to stop the violence in Ukraine …”
Meanwhile, the latest reports have come to light when Prime Minister Modi and President Putin met in Tianjin, China during the SCO Summit. In this meeting, the two leaders described India-Russia relations as the best and strong. Putin called PM Modi his beloved friend and said that the relationship between the two countries is moving dynamic and fast.
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