Why Modi won't budge on Russian oil

[CC may contain inaccuracies] India's poor, Chinese and Russian oil is fast emerging as a potential flashpoint with the US and the European Union. But despite threats from the US Open, India's Prime Minister Narendra modi, is refusing to budge. Over the weekend, at least four tankers offloaded 3 million tonnes of Russian crude to Indian refiners.More is on the way. Importantly, there are no directions from New Delhi to refiners to stop. On the contrary, India described its ties with Russia as steady and tim ...