India is reportedly planning to buy Russian oil at discounted prices

[Cash GK]

https://twitter.com/x/status/1503762960946122757

 

[INS_Vikrant]

Payment in yuan

 

[Cash GK]

Payment in yuan

Punjabi which kande ne jity di kutti otte ja kolti hahah

 

[Tshering22]

Payment in yuan

Rupee-Ruble actually. It's confirmed when the IOCL deal happened. Honestly, it's a lot easier than arranging for a third currency. We can use the same Rubles to buy future weapons from them or anything else for that matter.

 

[dbc]

Rupee-Ruble actually. It's confirmed when the IOCL deal happened. Honestly, it's a lot easier than arranging for a third currency. We can use the same Rubles to buy future weapons from them or anything else for that matter.

future weapons? you can probably get em real cheap from Ukrainian farmers.

 

[cloud4000]

Rupee-Ruble actually. It's confirmed when the IOCL deal happened. Honestly, it's a lot easier than arranging for a third currency. We can use the same Rubles to buy future weapons from them or anything else for that matter.

Global Times is such a propaganda mouthpiece. No way India considered using the yuan when rupees can be used.

Still, this is a good deal for India and a necessary one. The US may not like it but India is simply pursuing its interests here: having a steady flow of oil at a fixed price. This will give stability to the economy and reduce political tensions in the country. Nothing worse than an angry awam upset over inflation.

The US will give India a pass on this decision. There's no way the US can provide oil to India at this stage, so what can India do?

 

[Arulmozhi Varman]

The US and EU are still buying Russian crude as we speak and asking others to stop buying immediately as if it's a water tap

 

[kankan326]

Rupee-Ruble actually. It's confirmed when the IOCL deal happened. Honestly, it's a lot easier than arranging for a third currency. We can use the same Rubles to buy future weapons from them or anything else for that matter.

Global Times is such a propaganda mouthpiece. No way India considered using the yuan when rupees can be used.

Still, this is a good deal for India and a necessary one. The US may not like it but India is simply pursuing its interests here: having a steady flow of oil at a fixed price. This will give stability to the economy and reduce political tensions in the country. Nothing worse than an angry awam upset over inflation.

The US will give India a pass on this decision. There's no way the US can provide oil to India at this stage, so what can India do?

But both Rupee and Ruble are very unstable in exchange rate. Which makes business not workable. Using Yuan can guarantee both sides' interest.

 

[K_Bin_W]

Good move by India and why not, it's cheap pak should also buy. There are no friends or enemies.

 

[CrazyZ]

But both Rupee and Ruble are very unstable in exchange rate. Which makes business not workable. Using Yuan can guarantee both sides' interest.

Ruble will have to be pegged to the Yuan to stabilize it.

 

[Longhorn]

Punjabi which kande ne jity di kutti otte ja kolti hahah

I'll give that to the Indians, they do what they think is right for them rather than be told what to do by someone else.

Fair Play.

The US and EU are still buying Russian crude as we speak and asking others to stop buying immediately as if it's a water tap

Hypocrisy at its finest.