Mittal joint venture says it has stopped buying Russian oil

In a significant move, Mittal's joint venture has announced that it has ceased purchasing Russian oil, following reports from the Financial Times about crude oil being transported on sanctioned vessels. This decision is important as it reflects a growing trend among companies to distance themselves from Russian energy sources amid ongoing geopolitical tensions. By halting these purchases, Mittal is aligning itself with international sanctions and demonstrating a commitment to ethical sourcing, which could enhance its reputation and appeal to socially conscious investors.