By Admin 
Russia Crude Oil Discount: Despite America’s imposition of 25 percent tariff on the purchase of crude oil from Russia, India is ready to increase the import of Russian crude oil in the coming times. US President Donald Trump has imposed 50 percent tariff on the import of Indian goods.
America wants India to stop buying oil from Russia. America argues that by this India is financially helping Russia in its war with Ukraine. However, despite pressure from America, India maintained its stand. India says that this decision taken by it to meet the energy needs of the country is commercially and strategically right.
Russia’s attractive offer for India
Here, amid the ongoing trade talks with America, India is going to accelerate the import of Russian crude oil in the coming months. This means that somehow Trump’s move seems to be proving counterproductive. According to a Bloomberg report, Russia is going to give ‘double discount’ to India on the import of crude oil. Russia has offered a discount of $ 2 to $ 2.50 per barrel on loading of Brent crude to India from November. This discount is so tempting that it will almost offset the impact of the American tariff. In July-August, the discount given by Russia had reduced to about $ 1 per barrel. During that time Russia was emphasizing the needs of the domestic market.
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