Indian refiners, the highest importers of Russian crude oil, are looking for different suppliers forward of Friday’s summit between President Trump and his Russian counterpart Vladimir Putin.

India, the world’s third-largest oil shopper, is seeking to change up its procurement course of after Trump imposed a complete 50% tariff fee on New Delhi, accusing the nation of successfully fueling Russia’s warfare machine.

Oil importers are actually hedging their bets that even harsher punishments are in retailer for anybody who purchases petroleum from Moscow as soon as Trump meets with Putin, with India’s state processor shopping for giant bulks of non-Russian crude this week to organize for the worst, Bloomberg reported.

Indian…



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