Bangladesh eyes cheap Russian fuel oil to lower import bills


As the South Asian nation seeks to maintain its dwindling foreign exchange reserves and prop up a fragile economy, Bangladesh is ditching cheap Russian fuel oil even as it fears hostilities with the West. are considering a proposal to import the

Dhaka primarily purchases oil from Middle Eastern countries based on long-term inter-agency deals. But with oil prices currently trading around $100 a barrel and rising fuel prices wreaking havoc in Bangladesh, conditions in Moscow look very attractive. But Bangladeshi officials are also aware of a global freeze on Russia since its invasion of Ukraine six months ago.