India's January Russian oil imports may fall sharply as Reliance expects no deliveries

Reliance Industries will not receive Russian crude oil in January, potentially slashing India's imports to a multi-year low. This follows U.S. warnings over India's significant Russian oil purchases, which have drawn Western criticism. Stricter sanctions have already reduced Russian oil flows to India, with Reliance's halt likely leaving only Nayara Energy and state refiners as buyers.