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India's Modi faces US tariff threat over Russian oil imports
South China Morning PostLO·IN · US · RU·3 days ago
Russia's Finance Ministry signals willingness to adjust the import fuel damper formula to include domestic transportation costs, but refuses to factor in purchase-market premiums. The partial openness suggests potential policy flexibility, yet the rejection of premium accounting limits the scope of any subsidy change. This matters for Russian fuel pricing and refinery economics, with implications for domestic inflation and export competitiveness.
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