How Reliance industries Smartly made money because of Russia Ukraine war.
As we all know india imports discounted crude oil from Russia, though we got hate from other European countries and USA because we stand with Russia on Russia Ukraine war.
Who is the biggest importer from Russia?
Offcourse Reliance followed by government owned entities like IOC , BPCL etc.
How Reliance making more profits than government entities despite the fact they also got it with discounted price ?
Here comes the master mind Ambani.
Reliance imports crude oil from Russia with discounted price and export it to foreign countries like Australia and some other European countries in "Market Price".
But our government entities can't able to export as they formed for serving Indians.
What makes difference in domestic consumption and not exporting ?
Due to Russia Ukraine war crude oil prices shot up like anything, but our domestic prices not increased as much as increased internationally.
Due to some political reasons india can't able to increase petrol, Diesel prices considerably. This leads to lose of all government entities like IOC and BPCL etc.
We got lucky by Russia proposed India with discounted price of crude oil, due to heavy pressure on European countries (as they imposed heavy restrictions on Russia's crude import)
Here is the joke part 🤣
Most European nations and USA either banned or imposed restrictions on Russian crude and they all started importing crude from Reliance.
The point is, Reliance itself imports from Russia. How can this be called as ban or imposition.
Anyways as usual ,Reliance which got benefitted from this by importing crude from Russia with discounted price and exporting with Market Price.
Hope you learned something. Thanks.
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