European Union restrictions
EU Expands Sanctions Against Key Figures in Russia's Oil Trading Network
Dec 16, 2025 05:57 am CST
The European Union has intensified efforts to curb Russia's oil revenue by imposing fresh sanctions on nine individuals and entities supporting Russia's shadow fleet of oil tankers. Key targets include traders Murtaza Lakhani and Etibar Eyyub, who have been instrumental in helping Moscow circumvent Western sanctions on crude exports that finance Russia's war in Ukraine. Despite 19 previous sanction packages, Russia continues oil exports to India and China through a shadow fleet operating outside Western maritime regulations.
Reliance Industries Halts Russian Oil Processing at Export Refinery to Comply with EU and US Sanctions
Nov 21, 2025 01:25 pm CST
Reliance Industries Ltd has ceased processing Russian crude oil at its export-dedicated refinery in Jamnagar to comply with EU sanctions. As India's largest buyer of Russian oil, the company has announced that from December 1, all product exports from its SEZ refinery will be derived from non-Russian crude sources, completing the transition ahead of schedule to meet compliance requirements for restrictions effective January 2026.