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India expects US extension of Russian oil purchase waiver

India expects the US to extend its waiver on Russian oil purchases to help lower global prices. A government source shared the expectation on Wednesday.

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India expects the United States to prolong a waiver allowing for the continued purchase of oil from Russia. The move is aimed at stabilizing the global market for Brent Crude Oil and preventing further price escalations.

An employee at a fuel station in Ahmedabad, India, prepares a pump to refuel vehicles in October 2021. Photo by Amit Dave/Reuters.
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