Tag: Russian Oil

"Reports show that Russia is already offering steep discounts -- as much as 30 per cent -- and long-term contracts to some countries. This also demonstrates that Russia is planning to continue supplying its oil and willing to swallow bigger discounts," she said.

A European Union (EU) source said on Monday that the EC was considering offering funds to landlocked Eastern EU states such as Hungary, Slovakia and the Czech Republic to modernize their oil infrastructure in order to persuade them to accept the Russian oil embargo.

Many reporters were obsessed with India's oil purchases from Russia, asking questions about it at the three briefings on Monday after the 2+2 meeting of Jaishankar, Defence Minister Rajnath Singh, Secretary of State Antony Blinken and Defence Secretary Lloyd Austin, as they have at earlier briefings.

The US has avoided imposing sanctions on energy purchases to accommodate its European allies who rely heavily on Russia.