Russian oil sales to India to continue under ‘special mechanism’ despite US threats, say embassy officials
New Delhi: Russia’s oil supplies to India will continue at the pre-US tariff hike levels under a “very special mechanism” for crude trade despite the Trump administration’s pressure and threat of fresh penal duties, officials at the country’s embassy here said, terming Washington’s moves as “unjustified”.
Russian supply accounts for close to 40% of India’s total crude oil imports, and Washington has accused New Delhi of “profiteering” from the discounted prices.
