#India is planning to restrict buying #Russian #oil ๐ข๏ธ๐ฎ๐ณ and import it only when alternative supplies arenโt available. The move is linked to shifting trade dynamics and efforts to diversify energy sources ๐โ๏ธ. Indian refiners may reduce new orders while honouring existing contracts, as Russia had been supplying a major share of discounted crude since 2022 ๐ฐ๐.
The change also aligns with broader economic negotiations and global partnerships ๐ค, though experts say a complete stop is unlikely soon because Russian oil remains cost-effective and suited to Indiaโs refineries ๐งโณ. Overall, India aims to balance energy security with geopolitical strategy ๐.
#forexmarket #forextrading #oilimportandexport $BTC
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