Russia mulls up to 30% oil discounts for some Asian buyers: Report

India is reluctant to join the scheme, since its industry worries it could lose out to other buyers on the chance to buy discounted Russian crude, say people familiar with the views of Indian firms

Russia has approached several Asian countries to discuss possible long-term oil contracts at steep discounts as US officials continue to push a plan that would cap the price of the country’s oil, according to a Western official.

The tentative conversations to offer some Asian buyers discounts of up to 30% may be a sign that Russia is trying to head off discussions by Group of Seven nations about carving out an exception for pending European Union sanctions on Russian oil, said the official, who asked for anonymity to discuss sensitive talks. That plan would allow third parties to more easily purchase