India's Russian oil imports down 9% in Jan/Dec amid US-India trade talks

Core Insights - India's Russian oil imports decreased in January, marking a continuation of the decline that started in December due to refiners seeking alternative sources amid Western sanctions and ongoing U.S.-India trade tensions [1] Group 1 - The decline in Russian oil imports reflects refiners' efforts to diversify their supply chains [1] - The downturn in imports is a response to the pressures from Western sanctions [1] - Ongoing trade tensions between the U.S. and India are influencing refiners' sourcing decisions [1]