After the tariff cut deal with the US, India seems to be rethinking its oil strategy. According to reports, an informal signal has been given to scale down Russian oil imports. Old contracts will be completed, but fresh buying will be avoided. The government’s focus is on energy security and diversification, so that India does not remain over-dependent on any one country.
Russian Oil Import will decrease after US-India Trade Deal. Money Live | Russian oil imports will decrease after the US-India trade deal
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