Indian refiners are bracing themselves for supply shocks from Russia, its biggest supplier of crude oil, after US President Donald Trump announced that Washington would impose penalties on India over its purchases of Russian oil, along with a wider package of tariffs, top refining sources told Energy Intelligence.
Trump 'Penalty' Threatens India's Russian Crude Imports
The fallout from stalled US-India trade talks could severely disrupt the flow of Russian crude to Indian refiners.
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