State refineries control more than 60% of oil refining in the country, the agency notes. They stopped applying for Russian fuel a week ago, Reuters sources say.
According to the agency, the purchases were stopped by Indian Oil, Hindustan Petroleum, Bharat Petroleum and Mangalore Refinery PetroChemical. They are looking for other suppliers in the United Arab Emirates and African countries, the report said.
The largest private players, such as Reliance Industries and Nayara Energy, continue purchases, the report says.
On June 30, Trump introduced duties for India for communication with the Russian Federation. He stated that she purchased military equipment from Russians and is the largest buyer of Russian energy carriers while everyone wants the end of the war in Ukraine. According to the head of the White House, Delhi will pay a tariff of 25% plus a fine for the above, starting on August 1. He did not name the fine.
Context
From the beginning of the full -scale invasion of the Russian Federation, India has been expressed in support of the territorial integrity of Ukraine, but the Indian authorities Avoid the direct condemnation of Russia's aggression with which she has close ties since the Cold War. In addition, India became one of the largest buyers of Russian oil, thereby supporting the economy of the aggressor country.
July 15, the head of the White House said that “Very disappointed” the actions of the illegitimate President of the Russian Federation Vladimir Putin. Trump threatened that if Moscow does not agree to negotiations within 50 days, then the United States will be duties. “We will introduce very hard tariffs, about 100%, you call them secondary tariffs,” Trump said. On July 29, he reduced this period to 10 days.
The representative of the White House explained CNN, How duties and “secondary duties” will work. As said in the White House, Trump had in mind 100 percent duties for Russia and secondary sanctions against other countries buying Russian oil. The United States is conducting very limited trade with Russia, so secondary sanctions may turn out to be the most painful.
