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India Defies Western and US Sanctions With the Purchase of Russian Oil and Gas

By Bryan Jung

Indian Oil Corp. India’s state-owned oil company, purchased 3 million barrels of crude oil from Russia earlier this week, defying Western pressure to avoid buying oil from Moscow.

New Delhi has not imposed sanctions against buying oil and gas from Russia nor has any plans to do so.

It has so far abstained on votes at the U.N. condemning Russian aggression in Ukraine.

It appears that India will continue its purchases despite sanctions against Russia by the United States and other Western countries.

According to Indian media reports, Russia is offering a discount on oil purchases of 20 percent below global benchmark prices…

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