India Pulls Back From Russian Oil as U.S. Trade Deal Nears ...Middle East

Indian refiners are still avoiding Russian oil as deals for delivery in April begin to be made, Reuters has reported, citing unnamed sources from the refining industry as well as traders. According to the report, the avoidance comes in anticipation of the trade deal between New Delhi and Washington, scheduled to be finalized in March. The deal would see the United States reduce import tariffs on Indian products, including a 25% special tariff that President Trump imposed on India in punishment for its buying of Russian crude oil. If the Reuters…

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