Reliance Industries says, ‘Recalibration of Russian oil imports ongoing’: Report

Mukesh Ambani-led Reliance Industries, the top Indian buyer of Russian oil, plans to adjust crude imports from Moscow, as per a report by Reuters. The move is to align with guidelines from the Indian government after the US and Europe ramped up sanctions against Russia, the Reuters report noted citing a company spokesman.

“Recalibration of Russian oil imports is ongoing and Reliance will be fully aligned to GOI (Government of India) guidelines on the extent of recalibration,” Reliance said in response to a Reuters query on whether the company plans to cut its crude imports from Russia.