India may cut Russian oil by 50%? White House joins Trump in bold claim; refiners unsure

The article discusses a claim by a White House official that India is set to reduce its imports of Russian oil by 50%.

However, sources within India told Reuters that this reduction has not yet taken place. Any visible change might only show up in import data for December or January.

Orders for November shipments (which include cargos arriving in December) have already been placed, which complicates the timing of any reduction.

Indian refiners have not been officially asked by the government to cut Russian oil imports.

Meanwhile, President Donald Trump claimed that Prime Minister Narendra Modi had assured him India would “stop buying oil from Russia.”

The Indian Ministry of External Affairs (MEA) countered that there was no recent conversation between Modi and Trump about this.

The MEA reaffirmed that India’s energy policy is driven by national interest and consumer protection, particularly in the face of volatile global markets

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