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Bangkok Post
Bangkok Post
Business

India snaps up cheap Russian oil and coal

Coal India Russia Oil United States New Delhi Moscow SUEK
A worker operates a crane near an oil depot in New Delhi on June 12. (Bloomberg Photo)

NEW DELHI: India’s purchases of Russian coal have spiked in recent weeks despite global sanctions on Moscow, as traders offer discounts of up to 30%, according to two trade sources and data reviewed by Reuters.

The rise in purchases of Russian oil has been even more dramatic, with Russian traders reportedly offering very flexible payment terms.

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