India’s state-run refiners are in talks with Russia about a long-term oil import deal, Reuters reported on July 11, citing an undisclosed government source. India became one of the chief buyers of Russian oil following Western sanctions, although pressure from U.S. sanctions increasingly threatens this trade. India and Russia need to finalize agreements, such as the payment currency for the imports, the source told Reuters. Indian private refiners may also join the negotiations. Indian private refiners Reliance Industries and Nayara Energy, partially owned by Russia’s state-controlled oil comp…