NEW DELHI (Reuters) -India's Reliance Industries has received approval from the United States to resume importing oil from Venezuela despite Washington's sanctions, a source familiar with the matter said on Wednesday. The United States in April re-imposed sanctions on Venezuela's oil sector in response to President Nicolas Maduro's failure to meet his election commitments, but said some firms would be authorised to trade and operate in Venezuela. The U.S. Treasury Department declined to comment, while Reliance did not immediately respond to a request seeking comment.
(Bloomberg) -- Reliance Industries Ltd. has secured US approval to resume importing oil from Venezuela despite White House sanctions on the country, according to people familiar with the development. Most Read from BloombergWhat Initial Polling Data Show About the Trump-Harris MatchupTesla Slumps as Musk Tethers Its Future to Delayed RobotaxisTrump Files Complaint Over Harris Getting Biden’s $96 Million War ChestA Six-Second Decision Shows How Harris Snapped Up DelegatesSingapore Has World’s Mos
India's antitrust body has asked Reliance Industries and Walt Disney around 100 questions linked to their $8.5 billion India media assets merger, including details on sports rights as it heightens its scrutiny of the deal, two sources told Reuters. Antitrust experts had warned that the Reliance and Disney deal, which was announced in February, could face intense scrutiny as it will create India's biggest entertainment player with 120 TV channels and two streaming services.