India slashes Russian oil imports by 50% after U.S. trade talks
India has cut Russian crude oil imports by nearly half, following diplomatic discussions with U.S. officials regarding payment routes and global supply balance. The decision aims to reduce sanctions risk and diversify sourcing amid rising energy security concerns. Industry insiders said the move may temporarily raise refinery costs but improves long-term trade flexibility. Russia remains India’s top supplier, but the policy marks the sharpest adjustment since 2022, signaling recalibration in energy strategy.
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1 day ago
India slashes Russian oil imports by 50% after U.S. trade talks
India has cut Russian crude oil imports by nearly half, following diplomatic discussions with U.S. officials regarding payment routes and global supply balance. The decision aims to reduce sanctions risk and diversify sourcing amid rising energy security concerns. Industry insiders said the move may temporarily raise refinery costs but improves long-term trade flexibility. Russia remains India’s top supplier, but the policy marks the sharpest adjustment since 2022, signaling recalibration in energy strategy.
neutral
India slashes Russian oil imports by 50% after U.S. trade talks
2 days ago
1 min read
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India halves Russian oil imports post U.S. talks, rebalancing energy strategy while mitigating sanctions risk.
India has cut Russian crude oil imports by nearly half, following diplomatic discussions with U.S. officials regarding payment routes and global supply balance. The decision aims to reduce sanctions risk and diversify sourcing amid rising energy security concerns. Industry insiders said the move may temporarily raise refinery costs but improves long-term trade flexibility. Russia remains India’s top supplier, but the policy marks the sharpest adjustment since 2022, signaling recalibration in energy strategy.
India has cut Russian crude oil imports by nearly half, following diplomatic discussions with U.S. officials regarding payment routes and global supply balance. The decision aims to reduce sanctions risk and diversify sourcing amid rising energy security concerns. Industry insiders said the move may temporarily raise refinery costs but improves long-term trade flexibility. Russia remains India’s top supplier, but the policy marks the sharpest adjustment since 2022, signaling recalibration in energy strategy.