Russia provides India oil at a substantial discount of $35 per barrel compared to the pre-war pricing.

According to Bloomberg, Russia has offered oil to India at a severe discount of $35 per barrel compared to pre-war rates, as rising international pressure reduces demand for its barrels elsewhere following the invasion of Ukraine.

According to Bloomberg, the sanctions-hit country is offering India discounts of up to $35 per barrel on its flagship Urals grade to induce India to lift more shipments.