India already cutting Russian oil imports by 50% after US talks, White House official says
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Indian sources said the cut was not visible yet, though it could be reflected in import numbers for December or January
WASHINGTON/NEW DELHI (Reuters) – The United States and India have held productive trade talks, and Indian refiners are already cutting Russian oil imports by 50%, a White House official told Reuters on Thursday.
However, Indian sources said the cut was not visible yet, though it could be reflected in import numbers for December or January. Refiners had already placed orders for November loading that included some cargoes for December arrival as well, the sources said.
The Indian government has not yet informed refiners of a request to cut Russian imports, they added.
India's oil ministry and all of the Indian refiners that buy Russian oil did not immediately respond to Reuters' requests for comment.
Also read: Indian refiners prepare to cut Russian oil imports, sources say
Some Indian refiners are preparing to cut Russian oil imports, with expectations of a gradual reduction, three sources familiar with the matter told Reuters, with the US pressuring New Delhi to stop buying Russian crude to help end the war in Ukraine.
