Indian Government official says there is no plans for any financial support for its state refineries, have been buying Russian oil irrespective of the US waiver

This statement from an Indian government official highlights India's ongoing purchase of Russian oil despite international pressure and the absence of financial support for state refineries.

Newsquawk StaffPublished 18 May 2026, 10:21 UTCOn the live feed at 10:01 UTC — 4 more headlines followed before this page went public

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10:08

A Samsung Electronics (005930 KS) adviser says memory prices are expected to decline from H2 next year, SE Daily reports

10:02

Union official and Samsung Electronics (005930 KS) are in the process of finding common ground

10:01

Indian Government official says there is no plans for any financial support for its state refineries, have been buying Russian oil irrespective of the US waiver

09:54

"Al Jazeera correspondent, quoting a source in the Pakistani Interior Ministry: Pakistani efforts are currently focused on trying to ensure the continuation of the truce", Al Jazeera reports

09:36

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Context

It indicates a deliberate strategy to maintain energy imports from Russia, potentially leading to increased geopolitical tensions and impacting global oil prices as the U.S. and EU navigate sanctions and energy independence issues. Traders should watch for the implications on oil supply, pricing, and the broader geopolitical landscape.

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