“Negotiations between state refiners and Russia are already underway,” the source said. Indian private refiners Nayara Energy and Reliance Industries have already signed agreements to import Russian oil. Nayara is partially owned by Russian oil company Rosneft. Read also: India refuses to sign Global Peace Summit Communiqué, calls it one-sided solution The source noted that Indian private refiners may join negotiations with their state-owned counterparts later. He added that India needs “predictable and stable” oil supplies as it expands its refining capacity to meet growing fuel demand. Russi…