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RIL, which has been the largest importer of Russian oil by volume in this year, has bought millions of barrels of crude from the US and Middle East . (AI image) In what is being seen as a direct impact of Donald Trump’s sanctions on two major Russian oil firms, Reliance Industries Ltd (RIL)…
India’s state-run oil refiners are expected to continue importing Russian crude through intermediary traders despite fresh US sanctions on Rosneft PJSC and Lukoil PJSC, two of Russia’s largest oil companies, industry sources told PTI. The sanctions target firms accused of helping fund the Kremlin’s “war machine” in Ukraine.The sanctions, announced this week, cover companies that…
Chinese President Xi, left, and US President Donald Trump China on Thursday strongly criticised the latest US sanctions imposed on Russia’s two largest oil companies, Rosneft PJSC and Lukoil PJSC, calling the move “unilateral” and “lacking any basis in international law.“Addressing a daily press briefing in Beijing, foreign ministry spokesman Guo Jiakun said, “China consistently…
Indian refiners anticipate a significant decline in Russian oil imports, potentially even reaching zero. (AI image) The Donald Trump administration’s latest move to sanction major Russian oil firms Rosneft PJSC and Lukoil PJSC will likely make it almost impossible for India to continue procuring crude from Russia. Analytics firm Kpler reports that Russian oil made…
