Trump’s sanctions on Russian oil: How Reliance, Nayara earnings will be hit - explained

US sanctions on Russia's Rosneft and Lukoil are poised to impact Indian refiners Reliance Industries and Nayara Energy, potentially reducing RIL's EBITDA by ₹3,000-3,500 crore. Government-operated oil marketing firms may also face significant risks due to reduced Russian crude supply and discounts.

from Times of India https://ift.tt/ahp3iML