India, Sept. 3 -- The price of Russian oil has dropped to $3-$4 per barrel for India, as New Delhi continues to bear the brunt of US tariffs, media reports said.
According to a Bloomberg report, the price of Russia's Ural grade is being offered at a lower price for cargoes that will load in late September and October.
In 2022, India became a major importer of Russian crude at the start of the Russia-Ukraine war.
Now, after repeated flak from Washington, India finds itself closer to Moscow and Beijing, in a defiant show of ties.
Even at the Shanghai Cooperation Organisation summit in China, Prime Minister Narendra Modi said that Russia and India share a "special" relationship. In a similar vein, he also met Chinese President Xi Jinping...
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