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The Times of India

Business / The Times of India

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IndiaUS trade deal: New Delhi may scale back Russian oil buys after tariff relief

India will significantly reduce crude oil imports from Russia, adhering to a US-brokered trade deal that lowers tariffs on Indian goods. While existing contracts will be honored, new orders for Russian crude will cease, except for Nayara Energy due to its unique circumstances. This move aims to boost Indian exports and diversify energy sources.

3 Feb 2026 9:23 pm