India’s Reliance Stops Using Russian Oil at Part of Key Refinery

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Reliance Industries Limited, a major Indian conglomerate, has announced it will stop processing Russian oil at its Jamnagar refinery due to US sanctions.

Market Impact

Market impact analysis based on bearish sentiment with 71% confidence.

Sentiment
Bearish
AI Confidence
71%

Article Context

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India’s Reliance Industries Limited said it would stop processing Russian oil at part of its giant Jamnagar oil refinery as US sanctions force the company to shy away from dealings with Moscow.

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Original article published by Bloomberg on November 20, 2025.
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