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Russia Considers Long Term Discounted Crude to Asia


Russia is considering oil discounts of up to 30% with Asian nations in response to the drive by G7 to cap the price of Russian crude.

  • Russia has approached several Asian countries to discuss possible long term contracts amid price cap discussions accord to Bloomberg.
  • The plan would allow easier access to purchase Russian crude oil with Russia trying to secure replacement buyers as Europe withdraw from their supplies.
  • Potential buyers, such as Indonesia, fear that Russian supplies will be hit by US embargoes.

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