Russia willing to sell high-grade oil up to $35 per barrel – which could increase to $45 per barrel after the latest surge in global prices. Russia wants India to buy 15 million barrels in the first deal, and wants it to be at least $40 per barrel.
Russia has offered rupee-denominated payments using its SPFS financial messaging system – since Moscow has been banned from SWIFT – in a move seen as a boost for India’s attempts to trade in Russian roubles and other currencies via the banking system, sources say.
The offer comes after India’s decision to buy discounted Russian oil was criticised by the U.S. and UK. Jaishankar: Russia sells more to European nations than India and that India welcomes competitive offers.
European countries have bought nearly 15 per cent more oil from Russia in March than February, he told BBC’s Energy Correspondent Alexander Nekrassov.
Truss said: ‘I am not going to tell India what to do’. He stressed the need for like-minded nations to work together to stop Putin’s ‘appalling invasion’.
