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Benzinga

Business

Mohd Haider

EXPLAINED: Indian refiners plan major russian oil cuts after us targets rosneft lukoil report | Rare Historical Photos

Oil Rosneft Lukoil United States Russia Donald Trump India Narendra Modi Moscow

Energy Markets React to Geopolitical Uncertainty

The U.S. sanctioned Rosneft and Lukoil, two of Russia’s largest oil companies, in an effort to restrict Moscow's energy earnings.

Following these sanctions, a Reuters report has said that Indian refiners plan to significantly cut their imports of Russian oil.

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