
India Halts Russian Oil Buys Amid U.S. Trade Talks
Indian refiners have halted new purchases of Russian crude for April delivery and are expected to extend the moratorium, a shift that could ease trade negotiations between New Delhi and Washington, according to industry and trading sources.
The move by India’s largest fuel producers comes after the United States and India announced a framework Friday for a bilateral trade agreement they aim to finalize by March.
The deal would reduce tariffs and expand economic ties between the two nations, though neither government explicitly linked the Russian oil issue to the trade talks. Indian Oil Corporation, Bharat Petroleum and Reliance Industries …







