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India’s state-owned oil refineries have stopped purchasing Russian crude following a reduction in price discounts and stern warnings from Donald Trump. Reuters reported that Indian companies made no purchases from Russia in the past week, turning instead to alternatives like Murban oil from the UAE and West African crude. However, private firms like Reliance Industries and Nayara Energy—partly owned by Russian entities—continue sourcing under annual contracts. On July 14, Trump warned of a 100% tariff on countries buying oil from Russia if no major peace deal is reached with Ukraine.

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