Body blow to Reliance as US sanctions force cut in Russian oil imports https://www.taxtmi.com/news?id=59577 Sanctions on Rosneft and Lukoil bar commercial dealings and require winding down transactions by November 21, prompting Reliance and other direct purchasers to recalibrate or curtail Russian crude imports to avoid penalties, while state refiners buying via intermediary traders assess contracts for sanctioned footprints; an EU ban on fuels refined from Russian crude effective January 21 further constrains exports and may reduce Russian oil purchases. en-us Thu, 23 Oct 2025 18:16:03 +0530 Thu, 23 Oct 2025 18:16:03 +0530 TaxTMI RSS Generator Body blow to Reliance as US sanctions force cut in Russian oil imports https://www.taxtmi.com/news?id=59577 Sanctions on Rosneft and Lukoil bar commercial dealings and require winding down transactions by November 21, prompting Reliance and other direct purchasers to recalibrate or curtail Russian crude imports to avoid penalties, while state refiners buying via intermediary traders assess contracts for sanctioned footprints; an EU ban on fuels refined from Russian crude effective January 21 further constrains exports and may reduce Russian oil purchases. News - Thu, 23 Oct 2025 18:16:03 +0530 https://www.taxtmi.com/news?id=59577