India’s Russian oil imports set to rise; move comes after US slaps 50% tariff
India is set to increase its imports of Russian oil in September, dealers told Reuters, as President Donald Trump-led US government on Wednesday doubled tariffs on Indian exports to 50%, citing New Delhi’s continued reliance on Moscow’s crude.Despite the pressure, Indian refiners are expected to raise purchases by 10-20% from August levels, or about 150,000–300,000 … Read more