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India's refiners paused new Russian oil purchases after US tightened sanctions against Russia's top energy companies, triggering payment concerns and leaving buyers waiting for clarity from government and suppliers, as per reports. The uncertainty has pushed some refiners to tap spot markets to meet short-term crude requirements. US had imposed sanctions on Russian companies Lukoil and Rosneft.
short by Bhuvnesh Ojha / 04:50 pm on 28 Oct
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