'India is buying Russian oil below the Western price cap'
Mint Mumbai|March 03, 2023
The Biden administration will continue to discuss India's purchases of Russian oil with government officials but is satisfied so far that New Delhi is buying the crude well below a western price cap, senior US State Department officials told reporters on Wednesday.
'India is buying Russian oil below the Western price cap'

India's purchases of Russian oil are a constant topic of discussion between the US and India as Washington seeks to deny Russia the revenue it needs to fund its invasion of Ukraine, the officials said.

They briefed reporters on condition of anonymity. It's good both for the Indian economy and for stabilizing oil markets that India is buying crude at deep discounts from the cap, the officials said.

They spoke as Secretary of State Antony Blinken arrived in New Delhi for a meeting of Group of 20 foreign ministers.

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