Jakarta. A Russian diplomat revealed Monday that Moscow was open for negotiations to sell its oil to BRICS new member Indonesia as Jakarta looks for more affordable supplies.
Russian oil has long been subject to widespread European sanctions following a major escalation to the Russo-Ukraine war in 2022. These sanctions forced Russia to sell crude oil at a discount of $3 to $4 per barrel below global benchmarks.
Not long after Indonesia got admitted to the Russia-led BRICS, Energy Minister Bahlil Lahadalia revealed that Jakarta was exploring the possibility of buying cheap Russian oil. The government’s senior economic advisor Luhut Binsar Pandjaitan…