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2025-07-30 23:51:27
Indian refiners are seeking clarification from the Indian government on Russian oil. Indian refiners, a significant source of Russian crude oil demand, are seeking clarification from the New Delhi government on whether their purchases will be affected by Trump's latest social media post. On Wednesday, US President Trump said he would impose a 25% tariff on Indian exports to the US starting August 1st and warned of potential additional penalties for India's continued energy purchases from Russia. India became a major buyer of Russian crude oil after the Russia-Ukraine conflict erupted in 2022. Three people familiar with the matter said Indian companies, which purchase over 1 million barrels of Russian crude oil per day, are seeking clarity on what Trump's post means for their purchases.
