Last year, Reliance Industries Ltd signed a deal with Russian major Rosneft to import nearly 500,000 barrels per day.

Reliance cutting back on Russian crude import may impact the firm, but could smooth the way for a U.S.-India trade deal.

Last year, Reliance Industries Ltd signed a deal with Russian major Rosneft to import nearly 500,000 barrels per day.

NEW DELHI: India’s largest private refinery and top importer of Russian oil, Reliance Industries, has bought millions of barrels of crude from the Middle East and US after…