Russia is in talks with several Asian countries to conclude long-term oil supply contracts at deep discounts, according to a Western official quoted by Bloomberg and Markets Insider.

The discounts could be as high as 30 percent and signal that Russia is looking for ways to counter talks by the U.S. and G7 countries to set a maximum price for imports of Russian crude oil.

Analysts also believe the move will signal Moscow’s campaign to try to find more buyers after the European Union imposed an embargo on its oil.

Sandiaga Uno, Indonesia’s tourism minister, confirmed in a post on Instagram that Russia was offering his country oil 30% cheaper than on international markets.

At the same time, he noted that the government in Jakarta is concerned about the prospect of US sanctions.

Is the worst ahead for Russia?

“Russia has so far shown high resilience to unprecedented pressure from Europe and the United States, but the worst is yet to come,” said a report released Tuesday by energy research firm Rystad Energy.

“Domestic consumption helped fill gaps during the peak demand season, but external demand for Russian oil fell, signaling trouble ahead,” it added.

Since early April, Bloomberg has noted that Chinese state-owned companies such as Sinopec and PetroChina are in talks with Russian suppliers to buy Russian LNG exports, even though China doesn’t necessarily need them.

As in the case of oil, Chinese companies demanded deep discounts on the purchase of liquefied natural gas exported by Russia.