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To spread: Donald Trump's plans to introduce 25% of duties to India have achieve...
Economics

Trump threats act: India's largest refinery stopped buying oil in Russia - Reuters

By Natali Moss
To spread: Donald Trump's plans to introduce 25% of duties to India have achieved a goal. The four largest refineries have abandoned Russian oil and purchased the resource in the Middle East. State oil refineries (refineries) of India have stopped buying oil from Russia last week. This was reported by Reuters, citing sources. In July, Russia cut off discounts for oil purchase, and US President Donald Trump has set a stop, announcing new tariffs for India from August 1 in 25%.

Trump emphasized that the Indians always bought many military equipment and fuel from the Russian Federation, as were China. India is the third largest oil importer in the world and the largest buyer of Russian crude oil, which is taken by the sea. Now four Indian refineries are buying a resource in the Middle East and West Africa. India's private oil refineries also buy Russian oil in large volumes, but state refineries control more than 60% of total capacity - about 5. 2 million barrels per day.

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