Reliance got 1-month US concession to buy sanctioned Russian oil: Report

Mukesh Ambani's Reliance Industries received a one-month concession from the US to continue receiving oil cargoes from Russian firm Rosneft, Reuters reported. In October, the US imposed sanctions on Rosneft and Lukoil, giving firms until November 21 to wind down transactions with them. "These are pre-existing transactions which are being wound down in a sanctions-compliant manner," Reliance said.