Afghanistan, Aug. 1 -- India's state refineries halted Russian oil purchases as U.S. tariff threats and shrinking discounts pressured Moscow, marking a major shift in global energy trade dynamics.
As trade negotiations between New Delhi and Washington intensify, Reuters reported Thursday that India's state-run refineries have halted purchases of Russian oil over the past week.
Sources said Russia has cut discounts on its oil, while U.S. President Donald Trump has warned India and other nations against buying crude from Moscow.
India, the world's third-largest oil importer, is also the biggest buyer of seaborne Russian crude - a lifeline for Moscow's revenue in the fourth year of its war in Ukraine.
Reuters reported that all four state-o...