Is India finally preparing to give up Russian oil?
Donald Trump
US President Donald Trump's sanctions on Russian oil giants Lukoil and Rosneft are putting pressure on India to recalibrate its energy strategy . The measures announced last week mean that Indian oil refineries and the banks and shipping companies facilitating business with the blacklisted Russian companies could face secondary sanctions if they don't wind down transactions by a November 21 cutoff date. The Trump administration said in August it would impose a 50% tariff on a selection of
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