India is looking to reduce its Russian oil imports with refiners planning a gradual reduction, according to a Reuters report quoting sources. Russia continues to be India’s largest crude oil supplier. The Donald Trump administration has imposed 50% tariffs on India, 25% of which are for the latter’s crude oil procurement from Russia. On Wednesday, US President Donald Trump claimed that Prime Minister Narendra Modi had given assurance that India would discontinue purchasing oil from Russia. "So I was not happy that India was buying oil, and he (Modi) assured me today that they will not be buying oil from Russia," Trump informed reporters at a White House gathering on Wednesday. Sources told Reuters that Indian refiners have not received any official directive from the government re

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