Tag: Crude Oil
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Reliance to halt sanctioned Russian crude imports to safeguard Western market access
Reliance moves to curb Russian crude imports Reliance Industries, India’s largest private sector energy company and the biggest buyer of Russian crude in the country, is taking steps to reduce purchases of Russian oil and is preparing to stop imports from sanctioned Russian entities. The move aligns with mounting pressure from Western sanctions aimed at…
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India’s Oil Imports from Russia Surge Amid U.S. Pressure
Introduction In recent months, India has witnessed a significant surge in its crude oil imports from Russia, rising to an astonishing ₹30,000 crores. This increase comes amid rising tensions and criticism from the United States, which has accused India of indirectly funding Russia’s war efforts against Ukraine. India’s Growing Dependence on Russian Oil India has…