Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Reliance resumes limited Russian crude imports in Feb-Mar, complying with EU rules by sourcing only from non-sanctioned suppliers.

Reliance Industries intends to resume importing sanctions-compliant Russian crude in February and March after a one-month hiatus, sourcing oil only from non-sanctioned sellers to comply with EU rules prohibiting fuel from Russian crude refineries within 60 days of shipment. The company, which operates the world's largest refining complex, will process incoming Russian crude at its India-focused refinery to maintain EU exports while increasing purchases of Middle Eastern crude to ensure supply stability. Despite the resumption, overall Indian oil imports from Russia are expected to remain low due to ongoing compliance risks and shifting sanctions.

26 Articles