New Delhi: With the ongoing war between Russia-Ukraine for almost a quarter of a month, now the ‘Crude Price War’ has started on oil prices as well. While Russia, suffering from sanctions, offered India to buy crude oil at cheap prices, America immediately put a halt to it.
In fact, Russia has told India that whatever the price of crude oil before the war, it will also give crude at a discount of $ 35 per barrel. India also wanted to grab on this occasion, but middle America played its bet. A senior Washington official said that if India buys more oil from Russia than the fixed limit, then New Delhi can be in trouble.
It is worth noting that the Foreign Minister of Russia has come to India today and in talks with him, there can be an agreement on the Russian payment system SPFS. With this, India will be able to pay for crude according to rupee-ruble. America has more objections about this thing.
What has Russia offered
According to a Bloomberg report, Russia wants India to contract from it to buy 15 million barrels of crude this year. Under this, India has to get Ural grade crude oil from Russia. Its price will be $ 35 per barrel less than the price of crude before the war. Significantly, before the start of the war, the price of crude was around $ 80 per barrel. However, after the start of the war, its prices reached $ 139 per barrel.
What did America warn?
A US State Department official said the sanctions we have imposed on Russia do not prevent any country from buying oil from Russia. However, this is up to a limit, and buying more than that can lead to problems. If India pays Russia in rupees or dollars, then America has no problem with it. We are aware of the deal going on between Russia and India and we want India to take any step within the limits of sanctions. New Delhi may face difficulties if it is violated.
