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Reliance Industries earned billions exporting fuel from Russian crude to the US, bypassing sanctions.
Reliance Industries, owned by Mukesh Ambani, reportedly earned about ₹6,850 crore by exporting fuel made from Russian crude oil to the US between January 2024 and January 2025, according to a European think tank.
The US imported around €2 billion worth of fuels like petrol and diesel from Indian refineries processing Russian crude oil.
Western sanctions on Russia do not prohibit the purchase or use of Russian crude oil or the export of diesel derived from it.
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Reliance Industries ganó miles de millones exportando combustible del crudo ruso a los EE.UU., evitando las sanciones.