The move reportedly comes amid a dip in Indian purchases following Trump’s tariff threats
Chinese oil refineries have ramped up imports of Russian crude after India scaled back purchases under US tariff pressure, CNN reported on Wednesday, citing analysts.
China and India became the top buyers of Russian oil after Western sanctions hit Moscow following the escalation of the Ukraine conflict in 2022. US President Donald Trump recently imposed a 25% tariff on Indian imports, effective August 27, citing New Delhi’s continued oil trade with Russia, on top of an earlier 25% duty issued after India and the US failed to reach a trade deal. The new…
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