India likely to cut Russian oil imports sharply due to sanctions, sources say

225

NEW DELHI, Oct 23 (Reuters) – India is likely to make massive cuts in crude imports from its biggest supplier, Russia, due to sanctions from the U.S. and Europe, refining sources said on Thursday. Reliance Industries Ltd, the top Indian buyer of Russian oil, is planning to sharply reduce or completely halt crude imports from Moscow, two sources familiar with the matter said. (Reporting by Nidhi Verma; Writing by Florence Tan; Editing by Sonali Paul)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)