Two Indian oil refiners who still buy Venezuelan crude will stop importing oil from the Latin American country from April as the U.S. steps up sanctions pressure on Nicolas Maduro’s regime, Reuters reported on Friday, quoting three sources familiar with the plans. Indian conglomerate Reliance Industries as well as Nayara Energy, in which Rosneft holds a stake, have been buying a lot of Venezuelan crude in recent months, via a trading unit of Russian oil giant Rosneft. According to company and industry data and sources cited by Reuters , India was the top destination of Venezuela’s oil in January 2020, taking 38.5 percent of the Latin American country’s oil exports. The U.S., however, slapped sanctions on Rosnef’s Geneva-based trading unit, saying that the company Rosneft Trading has been helping Maduro’s regime to evade sanctions and to continue selling oil to keep the regime alive. Reliance Industries and Nayara Energy, […]