India is expected to sharply reduce its imports of crude oil from Russia, its biggest supplier, following fresh sanctions imposed by the United States and Europe, according to a report by Reuters on Thursday.
Two refining sources told Reuters that Reliance Industries Ltd, the country’s top private buyer of Russian oil, plans to significantly cut or completely halt its crude imports from Moscow. State-run refiners are also reassessing their purchase plans to ensure compliance with the new restrictions.
advertisement
The decision comes after the U.S.
Continue Reading on India Today
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.