Russian crude delivered to India’s west coast is already at a premium of around $2.50 a barrel, while Brent is around $107 a barrel and the UAE’s Murban crude is near $119 a barrel.
Sources in defence and security establishment said the incident occurred late Tuesday evening in the north Arabian Sea. No major damage to Indian vessel.
India, China and Russia share more contradictions than congruence. Each has a different worldview, as also a different adversary. The rude fact is that BRICS is the most irrelevant of all such groupings.
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