India Continues To Buy Russian Oil Despite Sanctions

India may bail out Russia by taking up an offer to buy crude oil and other commodities at a discount despite Western attempts to isolate Moscow through sanctions (pictured, Russian President Vladimir Putin and Indian Prime Minister Narendra Modi meeting in December 2021)  

Reuters: India's top refiner IOC buys 3 million bbls Russian Urals crude via tender -sources 

NEW DELHI (Reuters) - Indian Oil Corp, the country's top refiner, bought 3 million barrels of Russian Urals from trader Vitol for May delivery, trade sources said, its first purchase of the grade since Russia invaded Ukraine on Feb. 24. 

Western sanctions against Russia have led many companies and countries to shun its oil, depressing Russian crude to record discount levels. IOC said

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