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India tightens its crude bear hug of Russia

Vladimir Putin can look forward to a warmer winter. Ahead of the Russian president’s planned visit to India, Reliance Industries signed a 10-year agreement to buy cut-price crude worth around $13 billion annually from Rosneft ROSN.MM, Reuters reported on Thursday, citing three unnamed sources. The largest-ever energy deal between the countries looks like a win-win ...

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