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Tag: russia oil imports

Shifting away from Russian oil imports currently won’t hurt India fiscally

Posted on January 10, 2026 By admin
Shifting away from Russian oil imports currently won’t hurt India fiscally

Due to low global prices and reduced discounts India reducing its oil imports from Russia may have limited impact in its fiscal. | Photo Credit: Reuters The prevailing low global oil prices mean that, if India chooses to shift away from importing Russian oil and switches to more oil from the U.S., the financial impact…

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