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Tuesday, July 9, 2024

India-Russia energy cooperation helped control fuel prices and inflation in India: PM Modi tells Putin | VIDEO

Moscow: Prime Minister Narendra Modi, who is currently in Russia, has praised President Vladimir Putin for supplying fuel to India at a discounted rate and added this has helped New Delhi manage the fuel crisis. Notably, India, the world's third-biggest oil importer and consumer, has become the biggest buyer of seaborne Russian crude since the West halted purchases and imposed sanctions against Moscow in the aftermath of Russia's 2022 invasion of Ukraine. India has also paid for Russian crude in rupees, dirhams and Chinese yuan.
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