State Department Says India Is Buying Russian Crude Below Price Cap

India is buying Russian crude oil at a deep discount to a price cap set by the G7 and the European Union, State Department officials told U.S. media this week. The topic of Russian oil imports is under constant discussion between Washington and New Delhi, the officials said, according to Bloomberg, but for now the former is happy that the latter is buying Russian crude at below $60 per barrel. Russia became India’s largest single supplier of crude oil last year as the Western sanction barrage against Moscow prompted the latter to find new…