. NEW DELHI: US President Donald Trump's approval to a new bill that allows for up to 500% tariff on countries importing Russian petroleum is a threat not just for China and India, but even others, such as the European Union, which have opposed Moscow's offensive against Ukraine but have been buyin»»»

Reliance Industries is reducing its imports of Russian crude oil to comply with Western sanctions and maintain access to US and European markets. The company plans to cease purchases from sanctioned Russian entities after a US wind-down period, shifting its sourcing to the Middle East and the US. R»»»

New Delhi (TDI): Indian refiners have paused new orders for Russian oil purchases following the imposition of international sanctions, as they seek clarity from both the government and suppliers. Citing sources, Reuters reported that Indian refiners are awaiting guidance on how to navigate the new »»»