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Govt’s firm stand on buying Russian oil saves $8 billion in India’s import bill

Prime Minister Narendra Modi-led government has stood firm in maintaining its ties with Russia despite the Western sanctions against Moscow
05:59 AM May 02, 2024 IST | IANS
govt’s firm stand on buying russian oil saves  8 billion in india’s import bill
Govt’s firm stand on buying Russian oil saves $8 billion in India’s import bill (File)
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New Delhi, May 1: India's strategy of continuing to buy cheap oil from Russia despite Western pressures against these purchases has resulted in the saving of around $7.

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9 billion in the country's oil import bill during the first 11 months of the fiscal year 2022-23 and also helped the country to lower its current account deficit.

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Prime Minister Narendra Modi-led government has stood firm in maintaining its ties with Russia despite the Western sanctions against Moscow.

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