Synopsis:

Reliance has stopped using Russian crude for exports at Jamnagar SEZ to comply with new EU sanctions with 2026 as the deadline. Russian crude received after November 20 will be used only for domestic refining as the company phases out earlier long-term supply deals under tightening US and EU restrictions.

Earlier this year, The European Union tightened its Russia-related energy restrictions by expanding sanctions to ban not only the import of Russian crude oil but also banning fuels refined from Russian oil, which could be even the ones processed in a third country. Following this in the month of October the United States had imposed fresh sanctions on two major Russian oil producers- Rosneft and Lukoil, which further escalated global pressure on Russia’s energy revenues this h

See Full Page