Indian companies have changed the currency used to pay for oil from Russia

Energy companies operating in India have switched to paying for Russian oil in the UAE currency, dirhams. This is reported by the news agency Reuters.

According to the agency, this decision was made by Indian companies in order to avoid possible problems with Western countries that had previously imposed anti-Russian sanctions. Now Indian refiners are purchasing Russian oil from UAE traders. Everest Energy and Litasco play a key role in oil sales.

As you know, India did not join the sanctions against Russia. But local companies are forced to be very careful in their activities so as not to fall under Western sanctions themselves. Therefore, banks and other financial institutions are extremely attentive to clearing payments.

At the same time, India remains, along with China, after the imposition of anti-Russian sanctions by the West, one of the most important buyers of Russian oil. Russian companies are also extremely interested in the Indian market, regardless of the currency in which local companies pay for the purchased oil.

Indian Oil Minister Pankaj Jai said earlier that the country has no problems in paying for oil from Russia. Western sanctions, according to the head of the oil department, do not affect trade settlements between Indian and Russian companies.

Comments

[just_jose]

These idiots just can't admit they're left alone with the West

[tihonmarine]

Quote from: prosto_jose

These idiots just can't admit they're left alone with the West

Even a free ra remains faithful to its owner and this is inherited at the genetic level. Do not judge them so harshly, this is a disease of a slave and a Hindu, and a Sumerian, and all of Europe except Britain (they themselves are slave owners).

[Mini Mokik]

Yes, even with Carlson's coins, the main thing is not toilet paper from the United States and their slaves from the EU.

[skeptick2]

Quote: Mini Mokik

Yes, even with Carlson's coins, the main thing is not toilet paper from the United States and their slaves from the EU.

It, of course, is so ...
That's just toilet paper from the United States, for some reason, is considered a convertible currency, in contrast to our bond ruble.
But that's not the point. The fact that India continues to buy Russian hydrocarbons is good. But at what cost? With what discount? This article is modestly silent.

[Aaron Zawi]

Quote from: skeptick2

But that's not the point. The fact that India continues to buy Russian hydrocarbons is good. But at what cost? With what discount? This article is modestly silent.

There is a plethora of information on the internet. Nobody keeps a secret.

The average price of oil of the Russian brand Urals in January 2022 amounted to $49,48 per barrel, having decreased by 1,7 times compared to January last year.

[skeptick2]

Quote: Aron Zaavi

There is a plethora of information on the internet. Nobody keeps a secret.

The average price of oil of the Russian brand Urals in January 2022 amounted to $49,48 per barrel, having decreased by 1,7 times compared to January last year.

You probably misunderstood the meaning of my comment. Or do you not know the meaning of the term "discount"? In our particular case, the discount is simply a discount on the price of Russian oil. That's what I'm interested in. And it was about him that I did not find data in the article. And the data is intriguing.
There is no need to load me with numbers for January 2022, I know them very well. I'm more interested in the numbers after January 2022, after the start of the NWO.
And this is where a lot of questions arise that I have already asked before.
Is it true that evil tongues claim that in December 2022, according to some transactions, the price of Urals in Indian ports, including insurance and delivery by ship, fell by $12–15 per barrel compared to the average monthly value of Brent?
Is it true that freight rates have risen to $11-19 per barrel of oil from less than $3 per barrel at the beginning of 2022 and more than $6 in the middle of the year?
Finally, is it true that discounts on Urals oil in the western ports of Russia for sale to India have increased to $32–35 per barrel in some transactions when freight is not included in the price?

[tihonmarine]

Quote from: skeptick2

I'm more interested in the numbers after January 2022.

The war is on, who will tell you what. The country needs to survive, feed the people, create weapons and, moreover, fight.
Where I live won't, but we live no better than in Russia. calm down, everything is fine with you, and not like in the "wild west".
Hello from Tallinn. !

[Oleg Zorin]

Come back. Let's build good houses together

[Oleg Zorin]

I take it you don't want to go back. Prefer to love the Motherland from afar

[Beetle1991]

Argus agency is leaking all the information.
There are accurate data.

[fif21]

Quote from: skeptick2

Finally, is it true that discounts on Urals oil in the western ports of Russia for sale to India have increased to $32–35 per barrel in some transactions when freight is not included in the price?

There are transnational companies in the Russian Federation. They own refineries around the world. And all this howling about forced discounts is more like "dust in the eyes" for the Government of the Russian Federation. Superprofits are withdrawn by the state, and there is no point in earning them. It's easier to increase the amount of kickbacks. This is my guess. How else can one explain the sale at reduced prices, given the shortage of real oil on the hydrocarbon market? Freight and insurance means you need to switch to your tanker fleet and insure risks in your insurance companies, or companies in friendly countries.

[Lelik 56]

In the 70s they sold for $20. States Arabs persuaded to drop the price.

[Johnson Smithson]

That's just toilet paper from the United States, for some reason, is considered a convertible currency

take an interest in the history of what happened to the gold standard in the US and how they sent all the creditors and refused to change dollars for gold, as the US promised)
and then in the same way they believed in the reliability of the dollar and that they would not be deceived

[skeptick2]

Quote from Johnson Smithson

and then in the same way they believed in the reliability of the dollar and that they would not be deceived

I will say more.
I believed in insecurity dollar and his imminent demise. Ever since infancy. Then all school years. Then all working days. And even now, being retired, I believe. And how not to believe, if they continue to convince me every day of the imminent collapse of the dollar?

[Lelik 56]

Well, you are a very naive citizen. Actually, it was much more peaceful. But not now .

[Xnumx vis]

Quote from: skeptick2

unlike our bond ruble.

Chu, but I thought you get in shekels ... So, all the same, in hryvnias ... Well, to your health ...

[skeptick2]

Quote: 30 vis

So it’s still in hryvnias ... Well, to your health ...

May I ask, on what basis do you draw such a conclusion? Are you a clairvoyant? Did you try to establish a business, continuing the traditions of Vanga or Nostradamus? Try it, I don’t take hryvnia for a hint.
If I, my dear sir, do not throw my hats into the air and shout "hurray!" for every reason and for no reason, this does not mean that you are a greater patriot than I am. It's just that people have different levels of education, different approaches to events and different methods of analyzing the situation.

[Deon59]

He is more of a patriot sitting on the toilet, poking his finger at the smartphone.

[Reklastik]

The article is not about prices for Russian oil and not about a discount, but about the currency in which Indians pay for it under the conditions of anti-Russian sanctions. However, then the author can also be reproached for not indicating what carbon dioxide emissions into the atmosphere are due to the use of Russian oil products. This is also very related.

[Petr_Koldunov]

Quote from: skeptick2

That's just toilet paper from the United States, for some reason, is considered a convertible currency, in contrast to our bond ruble.

It, of course, is so ...
That's just Russia from the convertibility of toilet paper from the United States - no joy. Because this, for some reason, considered convertible currency, received by our country in payment for Russian products, is immediately squeezed out by countries that profess the highest priority of law, laws, financial security of capital, market freedom and inviolability of private property.

That is why toilet paper from the United States, which for some reason is considered a convertible currency, is nothing more than toilet paper for Russia.

[ARIONkrsk]

Quote: Mini Mokik

Yes, even with Carlson's coins, the main thing is not toilet paper from the United States and their slaves from the EU.

It is not clear why our authorities do not promote the ruble in the calculations

[hector]

Quote from ARIONkrsk

It is not clear why our authorities do not promote the ruble in the calculations

Maybe for this...

Even a free ra remains faithful to its owner and this is inherited at the genetic level. Don't judge them so harshly, it's a slave's disease

, or maybe they don’t need the ruble to become a currency.

[dump22]

It is not clear why our authorities do not promote the ruble in the calculations

Tried. But then counterparties demand even more discounts.

[ximkim]

If it goes on like this, soon no one will bother - Russia will only be given beads for oil.

[Zoldat_A]

Quote: ximkim

If it goes on like this, soon no one will bother - Russia will only be given beads for oil.

Why do we need beads?

Any rules are good because you can always make exceptions from them.
As an exception, India will be allowed to pay in dollars. Well, and China. As an exception.

Without the proper amount of steel in tomatoes, this whole idea with rubles is initially a failure.
Gaddafi had enough steel in tomatoes. There were not enough nuclear weapons.

[Zhan]

According to the agency, this decision was made by Indian companies in order to avoid possible problems with Western countries that had previously imposed anti-Russian sanctions. Now Indian refiners are purchasing Russian oil from UAE traders. Everest Energy and Litasco play a key role in oil sales.

They found a good way out, but damn it, something tells me that they will soon begin to impose targeted sanctions against certain companies. We draw conclusions, we don’t keep money in Western offshores, let’s come to us in Russia, we won’t let you down for sure! And get rid of the assets of Western economies ...

[Mini Mokik]

I think that the Arabs are not so scary. Many people depend on their production. If there are sanctions against them, then where will the "partners" get oil and gas from?

[Beetle1991]

I think that the Arabs are not so scary.

What are they afraid of????
Sanctions for selling Russian oil? Not in any way. The West directly says that the world needs Russian oil. But they want to deprive Russia of superprofits from oil sales. Hence the ceiling on oil prices.
And a ban on the import of Russian oil products. That is, according to this logic, Russian refineries should be idle, oil should be sold at a discount, and third countries should receive the added value from oil refining.
So the Indians and everyone else can safely buy Russian oil below the ceiling. For this, the West will not punish.

[rocket757]

Indian companies have changed the currency used to pay for oil from Russia

Clearly, green, among other things, is an element of global control over everyone, everyone ...
In general, the boom to see how it goes on.

[rotmistr60]

That is why the Americans consider themselves the world "hegemon" because the main economically developed countries are afraid to fall under their sanctions, and the world still uses the dollar as a convertible currency, although not to the same extent as before. Some refuse to buy Russian energy resources officially, switching to gray schemes, others are looking for ways to pay tricky for Russian goods so as not to fall under US sanctions. And in the end, the main thing is that our energy resources, despite the efforts of the United States, are sold on the international market and Russia makes a profit.

[Arsi55]

Are you talking about this profit?
Oil and gas revenues of the budget of the Russian Federation:
January 2022 - 794 billion rubles,
January 2023 - 425 billion rubles.

Russia is being robbed right now, from February 5 they will begin to rob even more

[Architect]

Quote: Arsi55

Are you talking about this profit?
Oil and gas revenues of the budget of the Russian Federation:
January 2022 - 794 billion rubles,
January 2023 - 425 billion rubles.

When did you manage to calculate this for January 2023?
Did you count the campaign in tsipso?

[Beetle1991]

And in the end, the main thing is that, despite the efforts of the United States, our energy resources are sold on the international market and Russia makes a profit

The states are not trying to cut oil production in Russia. Moreover, proposals to limit the supply of oilfield equipment and oilfield services were rejected immediately. They need as much oil as possible from Russia to enter the market, while the clients underpay Russia.
There are no sanctions for buying Russian oil. There is no such prohibition. There are restrictions when the price is above $60 per barrel. Anything below, in any volume "how hello"

[ata]

In itself, moving away from paying in dollars is positive, but still a half-measure, it is a half-measure going in the right direction. But it is not sufficient.
We need a complete avoidance of payment in dollars and a refusal to exchange dollars for rubles. Payment for oil must be accepted only in rubles. And in order to acquire rubles, countries wishing to buy oil would have to sell for rubles what is needed at the moment. Another possibility is trading in a weighted rupee-rouble basket. Let's say conditionally half the cost in rupees, and half in rubles.
But such decisions require political changes, coming to power of honest and competent people.
In other words, the United States, speaking for its colored candy wrappers, the printing of which costs them nothing, is buying the whole world. Dollar hegemony shifts the burden of economic and political problems to other countries.

Therefore, financial policy is directly related to defense policy as well. Western analysts are already openly rejoicing at Russia's involvement in a protracted war, because they value the advantage in resources in their own favor. And this is especially true if they are allowed to buy everything for these colored papers, the price of which is close to zero. Including the assessment of the military situation in Ukraine strongly depends on this. That is, there, in essence, Soviet citizens are killing Soviet citizens, for candy wrappers, which the United States does not cost anything. And all because they control the stupid and greedy political establishment on both sides of the conflict.

[ata]

Comrades, I look at these minuses and ask myself, do you have specific comments on financial policy, with which you specifically do not agree?

One gets the impression that some Western leaders are acting like noble Russian spies.
I remember, for example, the story of the failed sale of the French Mistral helicopter carriers. These were very bad ships, completely incompatible with the requirements of the Navy, at a very high price. All honest experts trumpeted this with one voice. At the same time, this deal was pushed through by the Russian establishment. Perhaps the explanation for this fact lies in the way France sells its usually very expensive and poor weapons. Namely: up to half of the price of the contract is returned under the table back to its signatories. so half of France is left, and half goes into the pockets of corrupt officials on the buyer's side. And at that moment, the then French President Hollande, who apparently himself believed in favor of the French junk, banned this deal, for which he deserves some kind of Russian medal.

Also with the ban on the use of dollars. Comrades, please think about it and, if you are downvoting, please leave your sensible and valuable comments.

[Vladimir80]

do not pay attention to the minuses, there are a lot of pseudo-patriotic bots, they will minus any sane person ...

[Ross xnumx]

Quote from ata

Comrades, I look at these cons and wonder

In vain you call them comrades. These are the comrades of Chubais and that riffraff who, with a criminal coup, destroyed the old socialist, socially oriented system and replaced it with financial rules based on thieves' concepts.
you forget who and for what created the party of "Edrots".
Talking about the sensibility of explanations is meaningless. What can they tell you? It's been known for a long time:

"Capital" avoids noise and scolding and has a timid nature. This is true, but it is not the whole truth. Capital is afraid of no profit or too little profit, just as nature is afraid of the void. But once sufficient profits are available, capital becomes bold. Provide 10 percent and capital is ready for any use, at 20 percent it becomes lively, at 50 percent it is positively ready to break its head, at 100 percent it defies all human laws, at 300 percent there is no crime that it would not risk, even under pain of the gallows. If noise and abuse bring profit, capital will contribute to both. Proof: smuggling and the slave trade"

And now remember who benefited from the events of the past five years?
* * *
What can we talk about if the Russian government allows trade with countries whose weapons kill Russian soldiers? Most citizens are told 24 hours a day that the ruble is nothing, and there is no way out of this situation.
And there is a way out: it's time to decide on true friends and not be afraid of the truth that has been hushed up over the past three decades. More about this A.S. Pushkin wrote:

But I read Adam Smith
And there was a deep economy,
That is, he knew how to judge
As the state grows rich,
And what lives, and why
He does not need gold,
When a simple product has.

And today in Russia it is believed that in addition to a “simple product”, some kind of currency is needed ... And why the hell is it needed? Our country is full of everything, both natural beauties and places for recreation.

[GneSPb]

Your truth, it is necessary to withdraw from all international organizations except the UN, establish an "iron curtain", communicate and trade only with friendly countries, otherwise the enemies send their weapons to the Nazis, and we sell them raw materials and energy resources for the manufacture of weapons and ammunition with which they they kill our soldiers, this is a complete betrayal, and in the West for such cases anyone was sentenced to several life terms, but not with us, our bourgeoisie know whoever and that they didn’t sell everything they can get away with, even the blood of our soldiers, no supreme business it’s a nightmare, the main thing is profit and even on blood, and women still give birth to soldiers ...

[Oleg Zorin]

Dear comrade! They give you cons because all this nonsense has already been analyzed and commented on many times. I understand that you are not a reader, but a writer. However, that doesn't make your crazy ideas any less crazy.

[Anadyrean]

Colonial thinking of mice in front of a cat.

[Monster_Fat]

In order to invest in the domestic market, you need to have money in this market and developed entrepreneurial activity of the population. In Russia, all this time, the domestic market was deprived of money - they kept the people in poverty, did everything to lend the population 100%, to make sure that people would not have free money, except for repaying loans to banks and Doshirak. Entrepreneurial activity was killed by taxes, fiscal, legislative restrictions and heavy loans in the economy. Nothing is going to change in this regard. So that's a dead end, gentlemen.

[Yaroslav the Wise]

Indians are still children of jackals. But why exactly dirhams? Why, for example, not in Chinese currency?

[air wolf]

Why not rubles? Or oil in exchange for what we need, medicines, electronics?

[Sergei Kazarin]

And then what to do with these rubles?

[Sergei Kazarin]

In a year it was possible to create a crypto ruble backed by gold reserves

[AC130 Gunship]

Although USD is being scolded here, I don’t remember anything about their money depreciating. There were several reforms of the ruble in the 90s. First, they gave the population 3 days to exchange their savings for new banknotes. Then there was a denomination of 1 to 10 thousand, and there was also a crisis in 98, when the dollar rose 3 times in a week. Hard currency needs a solid economy with a full production cycle (and not just vodka, tanks and toilet paper)

[Oleg Zorin]

Currency matters. Rupee, for example, can only be bought in India.

[Kostya N]

Quote: Arsi55

Are you talking about this profit?
Oil and gas revenues of the budget of the Russian Federation:
January 2022 - 794 billion rubles,
January 2023 - 425 billion rubles.

Russia is being robbed right now, from February 5 they will begin to rob even more

Your well.Op. And in the whore market from 1991 to 2023 - free.