00:00Is India finally preparing to ditch Russian oil?
00:03A massive shift might be underway after the U.S. slapped new sanctions on Russian oil giants.
00:09Lukoil and Rosneft, the very companies supplying over 60% of India's crude oil.
00:15Now, India has just weeks before it risks secondary sanctions on its banks, refineries, and shipping lines
00:21if they don't stop dealing with the blacklisted firms by November 21.
00:25India's biggest refinery, Reliance Industries, is already preparing to adapt.
00:30And behind closed doors, sources say it's cutting ties with Rosneft.
00:34This comes after President Trump claimed that Prime Minister Modi promised to stop.
00:38Russian oil purchases, something India hasn't confirmed, or denied.
00:43So is India bowing to pressure, or just buying time?
00:46Either way, the shift is already visible.
00:49Iraq, Saudi Arabia, and the UAE are ramping up oil exports to India.
00:54But here's the catch. These alternatives are more expensive.
00:58That could hit India's economy hard.
01:00But with $700 billion in reserves and a potential trade deal with the U.S. in sight,
01:04India might be playing the long game.
01:07And while Russian oil may fade for now, don't count it out just yet.
01:11You're so lucky.
01:12There are people who will not have Israel.
01:14I'm not talking about that.
01:15I'm with?
01:16Everyone's talking about that.
01:18And this is a big thumbs up.
01:20When we don't spend a lot of money on the Alae are any of these markets,
01:21we'll just get an absolute opportunity to ask them to go over and ask them.
01:23So we don't have enough money on that space.
01:25And they're not paying attention.
01:26It's not just to pay attention to these markets.
01:27The world's a good opportunity to pay attention to the place.
01:29It's been a long time in the future,
01:30but the current authorities are all the great traditions.
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