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 […]
Will US Sanctions on Russian Oil Companies Be Effective, and Why Is Trump Imposing Them Now?
The United States has imposed new sanctions on Russia’s two largest oil companies, Rosneft and Lukoil, signaling a significant shift in President Donald Trump’s approach toward ending the war in Ukraine. This marks the first major punitive action against Russia since Trump returned to office in January. What Has Been Announced The sanctions, announced by […]