Cheap Russian Oil Softens Inflation Blow For India

Amid skyrocketing inflation, India has increased its imports of Russian crude oil as other countries are attempting to fix the price to restrict Russia's oil revenues.  "In a situation where global prices were going beyond anyone's affordability, at that stage to take a very strong political decision, I respect the Prime Minister for his courage on this to get it from Russia because they are ready to give it to you at discount. And how speedily did we manage to do it," India's Finance Minister Nirmala Sitharaman said on Thursday, according…