Tag: Western markets
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Reliance to Halt Russian Crude Imports to Preserve Western Access
Overview Reliance Industries, India’s largest buyer of crude from Russia, is moving to curb its purchases from sanctioned Russian entities. The plan aims to align with Western sanctions and preserve Reliance’s access to key Western markets, including the United States and the European Union. People familiar with the matter say the conglomerate is preparing to…
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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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Reliance to curb Russian crude imports, protect Western access
Reliance moves to sever ties with sanctioned Russian crude Reliance Industries, India’s largest private sector energy company and a major buyer of Russian crude, is accelerating a shift away from sanctioned Russian crude and examining strategies to stop purchases from sanctioned entities. The move, confirmed by multiple industry sources, aims to align with Western sanctions…