"India's largest purchaser of Russian oil, Reliance Industries, said on Thursday that it has stopped importing crude oil from Russia to refine for export amid looming U.S. and E.U. sanctions on Moscow's energy sector. In a statement, a Reliance Industries spokesperson said that, as of Thursday, the company has stopped importing Russian crude oil to its Jamnagar refinery complex in the western state of Gujarat. From Dec 1., all product exports from its complex will be "obtained from non-Russian crude oil," the spokesperson added."
"In a statement to The Washington Post on Thursday, the White House press office said it "views this decision by Reliance to comply with sanctions, and broader movements by India to diversify away from Russian crude purchases, as a step in the right direction. We welcome this shift and look forward to advancing meaningful progress on US-India trade talks.""
Reliance Industries has stopped importing Russian crude oil to its Jamnagar refinery complex and will ensure that all product exports from the complex are obtained from non-Russian crude beginning Dec. 1. The decision comes amid looming U.S. and E.U. sanctions on Russia's energy sector and follows pressure from the United States, including tariffs tied to Russian oil purchases. The White House described the move as a positive step and welcomed diversification away from Russian crude. Reliance, owned by Mukesh Ambani, purchased at least $33 billion in Russian oil since 2022, accounting for nearly 8 percent of Moscow's crude sales during that period.
Read at The Washington Post
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