OREANDA-NEWS  India buys oil from Russia at a price that is well below the ceiling set by Western countries. This is reported by Bloomberg with reference to senior officials of the US State Department.

The agency's sources noted that New Delhi's purchases of Russian oil are a constant topic of discussion between the United States and India, as Washington seeks to deprive Russia of revenues from the sale of raw materials. The Indian side, on the other hand, seeks to take advantage of discounts from Russia.

According to the experts interviewed, India will still have to prove the purchase of oil from Russia below the maximum set price of $ 60 per barrel, and this will require numerous reports and inspections. However, this situation can seriously affect Russian exports.

Viktor Katon, a leading analyst at Kpler, noted that in February India bought 1.85 million barrels of oil per day from Russia. However, despite the fact that the demand for fuel in China has started to grow rapidly, Russia wants to keep the Indian market, as it is more profitable.

On February 28, Bloomberg, citing the analytical company Kpler, reported that the Russian Federation continues to supply the maximum possible amount of oil to India, despite the recovery in demand in China, in February New Delhi imported about 1.85 million barrels per day from Russia. The publication noted that before the imposition of sanctions by the European Union and the United States, India practically did not buy Russian oil.