Reliance halts Russian oil imports to comply with EU sanctions
after close1 source ↓written by the desknot a recommendation
- sanctions effective
- 20 November
- Starting
- 1 December
- effective
- 21 January
Reliance Industries has ceased importing Russian crude at its Jamnagar refinery to comply with EU sanctions effective from 20 November. Starting 1 December, all exports from the refinery will utilize non-Russian crude. This proactive measure aligns with the EU's blanket ban on Russian oil, effective 21 January.
Not investment advice. For informational purposes only.