Some Indian refiners are preparing to cut Russian oil imports, three sources told Reuters on Thursday, after U.S. President Donald Trump said India had given an assurance it would stop its buying to help end the war in Ukraine. India and China are the biggest buyers of Russian sea-borne crude, taking advantage of discounted prices Russia was forced to offer after losing sales to Europe following Moscow's invasion of Ukraine in 2022.

Indian refiners are preparing to shift away from Russian oil, with a drop in purchases possible from December given orders for November have already been placed, the sources with knowledge of the matter said. Refiners have not been formally told by the government to stop buying Russian oil, said the sources, who declined to be identified as they are not author

See Full Page