Published by Global Banking and Finance Review
Posted on October 16, 2025
1 min readLast updated: January 21, 2026
India cuts Russian oil imports by 50% after US trade talks, as confirmed by a White House official, signaling a shift in energy policy.
(Reuters) -The United States and India have held productive trade talks, and Indian refiners are already cutting Russian oil imports by 50%, a White House official told Reuters on Thursday.
(Reporting By Jarrett Renshaw; Editing by Chris Reese)
Oil import refers to the process of bringing crude oil or refined petroleum products into a country from abroad for domestic use or consumption.
Foreign currency is any currency that is not the domestic currency of a particular country, used in international transactions and trade.
Economic growth is an increase in the production of goods and services in an economy over a period of time, typically measured by GDP.
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