Indian refineries have begun reducing their share of Russian imports and purchasing oil from new suppliers ahead of Alaska negotiations on ending Russia’s war in Ukraine, Bloomberg reported on Aug. 14.
This week, state companies Indian Oil Corp. and Bharat Petroleum Corp. secured supplies from the United States, Brazil, and Middle Eastern producers for September-October delivery, according to the media outlet.
U.S. President Donald Trump and Russian President Vladimir Putin are scheduled to meet in Alaska on Aug. 15 for high-level talks, followed by “five-on-five” delegation negotiations.
The news comes after Trump imposed heavy tariffs on India after he rebuked New Delhi for its purchases of Russian energy and arms amid the war in Ukraine.
India, long dependent on Middle Eastern oil, sharply increased imports from Russia after Moscow launched its 2022 full-scale invasion of Ukraine, taking advantage of price caps and falling European…
