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India's biggest refiner buys US, Middle East crude as Trump slams Russia purchases
Reuters ^ | 8/4/2025 | Florence Tan, Siyi Liu in Singapore and Nidhi Verma in New Delhi

Posted on 08/04/2025 8:54:26 AM PDT by marcusmaximus

Indian Oil Corp (IOC.NS), opens new tab has bought 7 million barrels of crude from the United States, Canada and the Middle East, four trade sources said on Monday, as U.S. President Donald Trump ramped up his criticism of the country over its purchases of Russian oil. India is the biggest buyer of seaborne crude from Russia, which is under Western-led sanctions over its war in Ukraine.

Its main refiners paused buying Russian oil last week as discounts to other suppliers narrowed after Trump threatened hefty tariffs on imports from countries that make any such purchases, Reuters reported last week. Indian government officials denied any policy change.

On Monday, Trump said on Truth Social he would substantially raise the import levy on Indian goods, accusing the country of not only buying massive amounts of Russian oil but "they are then, for much of the Oil purchased, selling it on the Open Market for big profits".

(Excerpt) Read more at reuters.com ...


TOPICS: Chit/Chat
KEYWORDS: canada; ccp; china; florencetan; h1b; india; modi; nidhiverma; putin; russia; siyiliu

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1 posted on 08/04/2025 8:54:26 AM PDT by marcusmaximus
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To: marcusmaximus

Are they paying in Rupees?


2 posted on 08/04/2025 8:55:41 AM PDT by BenLurkin (The above is not a statement of fact. It is opinion or satire. Or both.)
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To: BenLurkin

Rupees.


3 posted on 08/04/2025 8:58:50 AM PDT by marcusmaximus
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To: BenLurkin

We pay them in h1 b’s
😡😡


4 posted on 08/04/2025 9:51:46 AM PDT by cowboyusa (YESHUA IS KING OF AMERICA, AND HE WILL HAVE NO GODS BEFORE HIM!)
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To: marcusmaximus

India is not our friend or ally in any way, shape, manner, or form. They support and do business with all of our enemies and they vote against us at the UN more than any country except Cuba.

India needs to be broken up.


5 posted on 08/04/2025 2:14:02 PM PDT by TBP (Decent people cannot fathom the amoral cruelty of the Democrat cult.)
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To: BenLurkin

Rupees are worthless.


6 posted on 08/04/2025 2:14:18 PM PDT by TBP (Decent people cannot fathom the amoral cruelty of the Democrat cult.)
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