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Reliance seeks Russian oil after US gives temporary waiver to India

Millennium Post Delhi

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New Delhi 07March2026

Reliance Industries Ltd is seeking to buy Russian oil after the US granted India a license to temporarily acquire cargoes, according to a person familiar with the matter.

‘The refining giant plans to process the barrels at its facility that produces fuels for the domestic Indian market, said the person, who asked not to be identified discussing sensitive matters. The company’s export-focused plant will continue running on non-Russian grades, Bloomberg reported.

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