India ready to abandon Russian oil after Trump's threats
news.online.ua
Tue, 01 Apr 2025 13:04:57 +0300

Trump managed to scare IndiaAccording to journalists, India is hastily looking for alternative sources of oil in the Middle East, North Sea, and Mediterranean regions.The countrys authorities made this decision after loud threats from American leader Donald Trump towards the aggressor country Russia.As is known, the head of the White House recently officially confirmed that he is ready to impose powerful secondary sanctions against countries that buy Russian oil if Moscow does not agree to a ceasefire in Ukraine.After the US presidents words, oil futures rose, in particular, the American West Texas Intermediate grade rose by 3.1.What is important to understand is that India almost never bought Russian oil until 2022, but after the war began, it became the second largest importer after China.Last year, Russian supplies provided almost 40 of its imports, mostly Urals oil from western ports.Cheap Russian resources have allowed India to reduce purchases from the Middle East and Africa.
Latest news
