NEW DELHI, Jan 30 (Reuters) – The United States, which imposed tariffs on India last year for buying Venezuelan oil, has told Delhi it can resume those purchases soon to help replace imports of Russian oil, three sources familiar with the matter told Reuters.
India pledged to slash Russian crude oil purchases after Washington also hiked tariffs related to that activity, and India is on track to lower its Russian oil imports by several hundred thousand barrels per day in the coming months, according to the sources, who declined to be identified.
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NEW DELHI, Jan 30 (Reuters) – The United States, which imposed tariffs on India last year for buying Venezuelan oil, has told Delhi it can resume those purchases soon to help replace imports of Russian oil, three sources familiar with the matter told Reuters.
India pledged to slash Russian crude oil purchases after Washington also hiked tariffs related to that activity, and India is on track to lower its Russian oil imports by several hundred thousand barrels per day in the coming months, according to the sources, who declined to be identified.