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Which countries are taking advantage of discounted Russian oil?

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India is taking advantage of discounted Russian oil.

Russia is seeking new markets for its oil exports as Western sanctions tighten, and India has answered the Kremlin’s calls.

The nation is now ramping up imports from the country.

Russia’s President Vladimir Putin shakes hands with India’s Prime Minister Narendra Modi ahead of their meeting at Hyderabad House in New Delhi, India, December 6, 2021. REUTERS/Adnan Abidi – RC209R9SCYIG

Meanwhile, the US says that although these oil imports do not violate sanctions, supporting Russia during this time is seen as supporting its Invasion of Ukraine.

There are also growing concerns among Western leaders that China may do the same.

China is already the largest single buyer of Russian oil, and is also widely expected to buy more oil from Russia at deep discounts.

Consumers have been warned to expect higher crude prices to come.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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