Trump’s sanctions on Russian oil: How Reliance, Nayara Energy earnings will be hit explained
US President Donald Trump’s decision to impose sanctions on two of Russia’s largest oil producers Rosneft and Lukoil is set to hit India’s refining sector, particularly Reliance Industries Ltd (RIL) and Nayara Energy, which rely heavily on discounted Russian crude. According to industry experts, these sanctions could reduce Reliance’s EBITDA by ₹3,000–3,500 crore, as Indian […]