India can switch from Russian crude, but at a cost: Analysts

India can switch from Russian crude, but at a cost: Analysts

The Straits Times - Sports·2025-10-25 01:00

NEW DELHI - Indian oil refiners can shift away from Russian crude after US President Donald Trump imposed sanctions on Moscow’s two largest oil companies – but the move will come at a cost, analysts said on Oct 24 .

Mr Trump has claimed that Indian Prime Minister Narendra Modi has agreed to cut its Russian oil imports as part of a prospective US trade deal – something New Delhi has not confirmed.

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