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Lakshmi Mittal’s Energy Venture Buys Russian Oil Shipped via US-Blacklisted Vessels: Report

Summary by Times of India
Steel tycoon Lakshmi Mittals energy joint venture has purchased Russian oil transported on vessels under U.S. sanctions, according to a Financial Times investigation based on satellite imagery, shipping data, and customs records.

9 Articles

Research reveals how Mittal Energy Limited has imported Russian oil using sanctioned vessels, thus circumventing Western trade restrictions through complex routes and limited surveillance.

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An Indian energy company, in which Lakshmi Mittal is involved, is said to have bought Russian oil, which was transported on sanctioned ships.

·Luxembourg City, Luxembourg
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BizToc broke the news in on Wednesday, October 29, 2025.
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