Indian state-owned refineries have stopped purchasing Russian crude oil due to reduced price discounts and US President Trump's warnings against continued trade with Russia. This halt follows Trump's imposition of a 25% tariff on Indian imports and threats of further penalties. The move comes as trade talks between India and the US remain stalled. While private Indian companies continue to buy Russian oil, the suspension by state-run refineries, which account for 60% of India's refining capacity, represents a significant shift in oil sourcing towards the Middle East and West Africa.

Prepared by Christopher Adams and reviewed by editorial team.