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Why is Russia selling oil to India so cheaply?

It is estimated that the country of Ukraine, having suffered damage from drones, is exporting oil abroad in large volumes and at a discount.

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According to traders, India will increase its purchase of oil from Russia by 10–20 percent in September.

A barrel of Urals crude oil is $2–3 cheaper than Brent. In the previous month, the discount was $1.5.

Since 2022, India has become the largest buyer of Russian oil. Following this, former US President Donald Trump imposed a 50 percent tariff on Indian goods.

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