India keeps buying Russian crude, now that the US tariff threat is gone
- Trump’s waiver lifts the threat of US tariffs on India for buying Russian crude, but supply is a separate problem.
- • Indian refiners expect Russian cargoes to tighten through October and November as Chinese buyers compete for them.
- Russia’s share of India’s crude imports fell from 51 per cent in July to 44 per cent in August, GTRI data shows.
- The waiver carries no expiry date and Washington can withdraw it at any time.
Source: economictimes.indiatimes.com
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