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Russia Dangles Discounts to Keep Indian Oil Trade Alive
Russia and India are looking for ways to continue trading oil, and Russia has offered what it calls a special mechanism to the India side to ensure this—despite U.S. President Trump’s threat to impose an additional tariff of 25% on Indian exports if the country keeps buying Russian oil. The news about a special mechanism broke earlier this week, with Reuters citing Russian diplomats from the embassy in New Delhi as talking about it but without providing any details. “I want to highlight that despite the political situation, we…