Reliance Industries reduces Russian crude imports amid U.S. sanctions
pre-market1 source ↓written by the desknot a recommendation
- of non-sanctioned Russian
- 150,000 bpd
- previously
- 500,000 bpd
Reliance Industries will import 150,000 bpd of non-sanctioned Russian crude starting February, down from over 500,000 bpd previously. This shift follows U.S. sanctions against major Russian producers, including Rosneft and Lukoil. The move aims to comply with U.S. demands while limiting overall Russian crude intake. ⚖️
Not investment advice. For informational purposes only.