Reliance to Halt Russian Crude After US Sanctions in 2025

Reliance is preparing to halt Russian crude purchases after fresh US sanctions on Moscow oil giants, reshaping feedstock for its Jamnagar complex. The shift could tighten supplies, cut Urals discounts, and redirect sourcing to Middle East and Africa. Traders expect adjustments to payment routes, shipping, and insurance as India’s import mix recalibrates. Markets are watching margins and compliance risks closely.