India's largest conglomerate Reliance Industries, owned by billionaire Mukesh Ambani, has stopped importing Russian crude oil for its export-only refining unit at Jamnagar in the western state of Gujarat.
The move is to ensure compliance with an EU announced ban on import of fuel made from Russian oil coming through third countries starting next year and US sanctions on top Russian oil producers Rosneft and Lukoil, that are set to kick-in on Friday.
"This transition has been completed ahead of schedule to ensure full compliance with product-import restrictions coming into force on 21 January 2026," Reliance said in a statement.
The White House has welcomed the move by Reliance.
"We welcome this shift and look forward to advancing meaningful progress on US-India trade talks," the White House press office said, in a statement to the Washington Post.
