Russia

Reliance Industries Ltd. (RIL), India’s largest private-sector refiner, has confirmed it will fully comply with U.S. sanctions governing the purchase of Russian crude oil. The company’s decision reflects its commitment to adhering to international trade norms while maintaining uninterrupted operations at its Jamnagar refinery, one of the largest refining complexes globally. This compliance stance comes amid tightening Western restrictions on Russia’s energy exports, designed to limit Moscow’s oil revenue.

India and Russia have initiated high-level discussions to expand bilateral agricultural trade, aiming to strengthen economic cooperation and diversify food supply chains. The dialogue focuses on increasing the export and import of key commodities, enhancing investment in agro-processing, and exploring technological collaboration in agriculture. Both nations emphasized the potential for mutually beneficial partnerships in sectors such as grains, pulses, dairy, and farm machinery.