India can switch from Russian crude, but at a cost: Analysts

Indian oil refiners can shift away from Russian crude after US President Donald Trump imposed sanctions on Moscow’s two largest oil companies — but the move will come at a cost, analysts said Friday. Since sanctions were imposed, the company did not comment to AFP. – Oil versus tariffs – India, one of the world’s largest crude oil importers, relies on foreign suppliers for 85 percent of its oil needs.