Trump removes 25% penal tariff: What happens if India stops buying Russian crude oil?

Feb 8, 2026 - 19:00
Trump removes 25% penal tariff: What happens if India stops buying Russian crude oil?

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Indian refiners have not yet received any formal instructions to halt Russian crude imports, they have been informally advised to begin scaling back purchases. Experts believe that while Russian crude may drop in the coming months, the chances of it completely disappearing from India’s crude basket appear slim.

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