November 11, 2026
Business

India’s Russian oil puzzle: Higher cost, drying offers, and tariff pressure

India’s oil trade with Russia faces its toughest test yet with spiking procurement costs, tightening sanctions, disappearing discounts and the looming threat of Trump’s tariffs

​India’s oil trade with Russia faces its toughest test yet with spiking procurement costs, tightening sanctions, disappearing discounts and the looming threat of Trump’s tariffs 

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