Gauging impact of US sanctions on Rosneft unit: Reliance Industries

Topics Reliance Industries | RIL


Reliance Industries (RIL), a key buyer of Venezuelan oil, said it was assessing the impact of the latest US sanctions on Rosneft Trading SA (RTSA), the Geneva-based trading unit of Rosneft that supplies oil to the private refiner.

US President Donald Trump on Tuesday imposed sanctions on the trading arm of Russian oil major Rosneft, which has been the largest intermediary of Venezuelan oil, as Washington targeted Moscow over its backing of Venezuelan President Nicolas Maduro’s government.    “Reliance.....

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