News Snapshot:
New Delhi: Supply of the relatively cheaper oil India has been sourcing from Russia could be at risk in the near future, unless some innovative thinking is employed to figure out how to make payments in currencies other than the US dollar, former diplomats and watchers of India-Russia relations have told ThePrint. India reportedly imported a record high of 1.64 million barrels per day of Russian oil in March 2023, with Russia being India’s top supplier of crude oil for the sixth consecutive month and accounting for about a third of India’s oil imports. The average price of the Indian...
