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New Delhi: When US President Donald Trump announced a trade agreement with India on Monday, he said the deal would involve New Delhi moving away from Russian oil. He claimed that Prime Minister Narendra Modi had agreed to stop buying Russian crude and instead buy more oil from the United States and from Venezuela, whose oil industry has come under effective US control following the capture of President Nicolás Maduro earlier this year. In exchange, Trump reduced trade tariffs on Indian goods from an overall 50 percent to 18 percent. Half of the 50 percent tariff had been imposed last…
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