Discount grows: Russian crude gets even cheaper for India; New...

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2025-09-02 07:20:17 -

Discount grows: Russian crude gets even cheaper for India; New Delhi continues to resist US pressure

India is facing increased pressure from the US over its growing Russian oil imports, leading to a 50% tariff imposed by the Trump administration. Despite widening discounts on Russian Urals crude, making it cheaper than US alternatives, the US accuses India of funding Russia's war in Ukraine through these purchases.

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