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India Refiners to Trim Russia Oil Buying as Trump Sows Confusion

Markets

Rakesh Sharma, Yongchang Chin

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October 16, 2025

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Bloomberg

India’s oil refiners said they expect to reduce — not stop — the purchase of Russian crude following remarks by Donald Trump that the South Asian nation would halt all buying, but are awaiting clarification on the situation from the government in New Delhi.

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