‘Same discount as for others’: Russian minister says Pakistan not receiving ‘special’ rate
report in Business Recorder,June 18, 2023
Russian Energy Minister Nikolai Shulginov confirmed Moscow had started exporting oil to Pakistan, clarifying, however, that there was no special discount for the country, and the rate was the same as for other buyers.
“There is no special discount for Pakistan, it is the same as for other buyers,” Russian state media quoted Shulginov as telling reporters on sidelines of an international economic conference in St. Petersburg, according to VOA.
He also confirmed that Russia had agreed to accept Chinese yuan as payment for the fuel.
“We agreed that the payment would be made in the currencies of friendly countries,” Shulginov said when asked for a response to Pakistani assertions that the trade is taking place in Chinese currency.
He also confirmed that the issue of barter supplies was also discussed, “but no decision has been made yet”.
Shulginov said the two countries had not yet reached an understanding on prices for the export of liquefied natural gas to Pakistan.
He noted that “the discussion is about long-term contracts, but so far, we are talking about spot supplies, and spot gas prices are now high.”….
https://www.brecorder.com/news/40248354/same-discount-as-for-others-russian-minister-says-pakistan-not-receiving-special-rate
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