AdvtJoin the community of 2M+ industry professionals. Download the ETEnergyworld App and get the Realtime updates and Save your favourite articles. It also comes after Washington and New Delhi struck a trade deal that slashes tariffs on Indian exports. US President Donald Trump tied the agreement to the end of Russian oil imports, though India has not provided detail.New Delhi has previously bought cargoes of Venezuelan crude and Reliance took imports until last year, under a US sanctions waiver. It accounted for about 25 per cent of the Latin American country's exports in 2019.

Source: Economic Times February 07, 2026 12:32 UTC