Insight - India looks to Russia to solve the energy crisis Moscow created


It may seem a bizarre twist of logic, but India appears to be aiming to ramp up imports of Russian crude oil and coal in a bid to lower the impact of sky-rocketing prices, largely caused by Russia’s military action in the first place.

CAN Russia rescue India from the high energy prices caused by Moscow’s invasion of Ukraine?

It may seem a bizarre twist of logic, but India appears to be aiming to ramp up imports of Russian crude oil and coal in a bid to lower the impact of sky-rocketing prices, largely caused by Russia’s military action in the first place.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
India , Russia , energy crisis , crude , coal , imports

Next In Business News

Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
Singapore’s financial sector a big winner
Smart city can’t beat the traffic
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming
US LNG exporters lead in gas use

Others Also Read