Union Commerce and Industry minister Piyush Goyal on Saturday confronted German Vice Chancellor Robert Habeck over China blocking sell of German Tunnel Borring Machines to India.
Lars Barstad, the CEO of a New York-listed tanker company has been quoted by the FT report as saying, "the discounts on the Russian Urals for India was about $25-30 per barrel. Freight rates would add only $3-4 per barrel, making the trade economic for India."