Moscow has sought to help India get use of large oil tankers to avoid the price cap put on Russian crude by the G7 group, plus access to insurance and shipping, according to a report by Business Insider, which said Russia’s Deputy PM Alexander Novak welcomed the decision by New Delhi not to agree to the price cap of $60 a barrel, as it has been a major buyer of discounted Russian oil after sanctions imposed following Russia’s invasion of Ukraine.
“In order not to depend on the ban on insurance services and tanker chartering in the European Union and Britain, the Deputy Prime Minister offered India cooperation on leasing and building large-capacity ships,”the Russian Foreign Ministrysaid in a statement, the report said, adding that Novak offered assistance to Pavan Kapoor, India’s ambassador to Moscow.
Read the full report: Business Insider.
ALSO SEE:
India Free to Buy All the Russian Oil it Wants, Yellen Says
India Doubles Down on Russia Oil Deals Despite Yellen Visit
Indian Refiners Seen Still Using Dollars to Buy Russian Oil
India Says Russian Oil Imports Help Its Inflation Fight
