Russia will keep selling cheap oil at bumped-up levels to India - this is why they're both in it for the long haul, a top analyst explains

• India's new role as a key buyer of oil for Russia is here to stay, a top Kpler analyst told Insider.
• Even if the Ukraine war ends, Moscow will keep its crude prices cheap for India, Viktor Katona said.
• The countries' interaction will last because there's a mutual interest in keeping it going, he said.

Russia's bumped-up oil exports to India are here to stay as the two are building a long-term relationship based on cheap prices, according to a top Kpler analyst.

The shift in flows of Moscow's crude exports to the Asian country will stick as it's to the benefit of both sides, Viktor Katona told Insider.