Reliance Industries plans to IPO its telecom arm Jio in 2026, aiming to boost shareholder value amid global sanctions and geopolitical tensions.
Indian and Chinese refiners are suspending or reducing Russian crude purchases amid US sanctions and fears of secondary sanctions. This shift impacts Russian exports, with buyers seeking alternative sources. The US deadline to wind down dealings with sanctioned Russian companies is November 21, 2025.
The US has announced sanctions against Russia’s largest oil companies, Rosneft and Lukoil, marking the first such move since President Trump’s return to office. The measures target their customers in India and China, amid ongoing efforts to curb Russia’s energy exports and pressure Moscow to cease its Ukraine conflict.