Oil deal with Russia to go through soon, sources say

India’s old ally Russia may be all set to sell India 3.5 million barrels of its crude at deep discounts, people in the know have told TOI. As a part of the deal, Russia will also take care of shipping and insurance for delivering the crude to India.

So far, India has abstained from taking any stand in the Russia-Ukraine war except that of resolution via dialogue. The White House earlier on Tuesday had said that if India were to take up the Russian offer of discounted oil, it would not violate sanctions deployed by Washington.