Trump's sanction impact? Reliance announces halting Russian crude imports; effective December 1

Trump’s sanction impact? Reliance announces halting Russian crude imports; effective December 1

Reliance Industries on Thursday announced that it stopped importing Russian oil for processing at its export-only refinery from November 20. The company, according to PTI, said that from December 1, all exports from its only-for-exports facility will be produced exclusively from non-Russian oil.This is a developing story. Source link

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Trump’s 50% tariffs on India: Will Modi government’s Export Promotion Mission be able to counter impact? Top weaknesses & challenges

Trump’s 50% tariffs on India: Will Modi government’s Export Promotion Mission be able to counter impact? Top weaknesses & challenges

The Union Cabinet on Wednesday approved the Export Promotion Mission (EPM) to establish a structure for enhancing India’s export capabilities. (AI image) The Modi government’s move to approve an Export Promotion Mission aimed at countering the impact of the global trade situation may be laced with implementation challenges, says Ajay Srivastava, founder of Global Trade…

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Impact of Reliance exposure to US? RIL cuts Russian crude buys; prepares to stop imports from sanctioned firms

Impact of Reliance exposure to US? RIL cuts Russian crude buys; prepares to stop imports from sanctioned firms

Data from Kpler shows Reliance’s imports dropped to 534,000 barrels per day (bpd) in October. (AI image) Mukesh Ambani-led Reliance Industries (RIL) has cut back on its crude oil imports from the Russia and in the coming months is expected to stop buying from entities sanctioned by the Donald Trump administration. RIL is the largest…

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US govt shutdown impact: Air traffic controllers unpaid, flights delayed; staffing crunch hits key airports

US govt shutdown impact: Air traffic controllers unpaid, flights delayed; staffing crunch hits key airports

The US government shutdown has entered its second month, disrupting several sectors and heavily impacting the nation’s air travel industry. Airports across the country continue to face massive delays amid a growing shortage of air traffic controllers, many of whom have now missed their first full paycheck.The Federal Aviation Administration (FAA) said Friday that nearly…

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