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Reversing its position, US allows India to buy Russian oil

"To enable oil to keep flowing into the global market, the Treasury Department is issuing a temporary 30-day waiver to allow Indian refiners to purchase Russian oil," U.S. Treasury Secretary Scott Bessent said on March 5. After months of pressuring India to stop buying Russian oil, the United States has granted New Delhi a temporary waiver allowing it to purchase fuel from Moscow, as the war in the Middle East limits global oil supplies. "To enable oil to keep flowing... [1109 chars]

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