India's Russian oil buy to dwindle, some irreplaceable imports to continue for now
India is reportedly scaling back crude oil purchases from Russia following a trade agreement with the United States, which saw the rescinding of a 25% duty on Indian imports. While some refiners have already stopped buying Russian oil, others will wind down existing commitments, with Nayara Energy being a notable exception due to existing sanctions.
India is reportedly scaling back crude oil purchases from Russia following a trade agreement with the United States, which saw the rescinding of a 25% duty on Indian imports. While some refiners have already stopped buying Russian oil, others will wind down existing commitments, with Nayara Energy being a notable exception due to existing sanctions.
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