India is exploring ways to buy discounted Russian crude oil despite US-led sanctions on Moscow over its military campaign in Ukraine
New Delhi is also mulling setting up a rupee-rouble trade mechanism for paying for oil and other goods, according to local media reports.
"Discussions are currently under way. There are several issues to be gone into like how much oil is available," he told parliament. Its government is looking to cut a spiralling energy bill after oil prices surged in the wake of the conflict, at the same time as a US embargo prompts other potential buyers to shun Russian oil.India-Russia trade under US sanctions
New Delhi is also mulling setting up a rupee-rouble trade mechanism for paying for oil and other goods, according to local media reports.
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