Reliance to buy sanctions-compliant Russian oil in February & March: Report

After a one-month pause, Reliance Industries is set to receive sanctions-compliant Russian oil in February and March, a Reuters report said. Reliance last received Russian crude in December after securing a one-month concession from US. Reliance had a long-term deal with Russian firms Rosneft and Lukoil. The firm was sanctioned by US amid Russia-Ukraine war.