Russian Foreign Minister Sergei Lavrov flies to India to try and work out an energy deal – is a new trading partner for Russia a possibility? Please subscribe HERE
After the US and China, India is the world’s third-largest consumer of oil, over 80% of which is imported.
India has signed contracts for March and April to buy barrels of Russian oil at a discounted price.
The US has said that although these oil imports do not violate sanctions, any support for Russia will strengthen their ability to continue their invasion of Ukraine.
Newsnight’s Economics Editor Ben Chu reports:
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