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Lakshmi Mittal’s energy venture bought Russian oil transported on blacklisted ships

Financial Times•Wednesday, October 29, 2025 at 5:00:26 AM
NegativeFinancial Markets
Lakshmi Mittal’s energy venture bought Russian oil transported on blacklisted ships
Lakshmi Mittal's energy venture has come under scrutiny after it was revealed that an Indian refinery received several shipments of Russian oil this year, totaling nearly $280 million, transported on vessels that are blacklisted due to sanctions. This raises significant concerns about compliance with international laws and the ongoing geopolitical tensions surrounding Russian oil exports. The situation highlights the complexities of global energy markets and the challenges companies face in navigating sanctions.
— Curated by the World Pulse Now AI Editorial System
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