Reliance Industries Ltd (RIL), one of India’s biggest buyers of Russian crude oil, said it is reviewing the latest sanctions imposed by the United States, European Union, and the United Kingdom. These new restrictions target Russian crude and refined oil products.
The company said on Friday that it is evaluating how the measures could affect its operations. “We have noted the recent restrictions announced by the European Union, the United Kingdom, and the United States on crude oil imports from Russia and export of refined products to Europe. Reliance is currently assessing the implications, including the new compliance requirements,” the company said in a statement.
Reliance Assures Full Compliance with Global Rules
Reliance added that it will fully follow the EU’s guidelines related to refined product exports. The company also said it will align with any future directions from the Indian government.
Reliance Industries statement on Russian Oil, company spokesperson says, “We have noted the recent restrictions announced by the European Union, United Kingdom and the United States on crude oil imports from Russia and export of refined products to Europe. Reliance is currently… pic.twitter.com/zRJwdCIRyD
— ANI (@ANI) October 24, 2025
“Whenever there is any guidance from the Indian Government in this respect, as always, we will be complying fully. Reliance has consistently aligned itself with the objectives of ensuring India’s energy security,” the company added.
US Sanctions Tighten on Russian Oil
U.S. President Donald Trump, in his second term, has announced new Ukraine-related sanctions against Russia. The latest measures target key Russian oil companies, including Lukoil and Rosneft. These sanctions aim to reduce Moscow’s oil revenues that fund the ongoing war in Ukraine.
Reliance Industries, India’s largest importer of Russian crude, is among the companies affected. It buys Russian oil through both long-term contracts and spot deals for its massive Jamnagar refinery in Gujarat. This refinery is one of the biggest in the world, capable of processing about 1.4 million barrels of oil per day.
Reliance Ensures Supply Stability
The company reaffirmed that it maintains a strong record of compliance with global sanctions and trade rules. “Reliance will address these conditions while maintaining relationships with its suppliers,” it said.
Reliance also said its diverse sourcing strategy will keep refinery operations stable. This will help the company meet both domestic demand and export needs, including supplies to Europe.
RIL currently has a long-term deal to import about 500,000 barrels per day from Rosneft. It also buys additional oil through intermediaries.
Company Recalibrates Russian Oil Imports
According to a Reuters report, Reliance said it is “recalibrating” its Russian oil imports after the new sanctions. The company also confirmed it will “fully comply” with Indian government directives.
Several Indian refiners are expected to reduce Russian oil purchases amid tighter Western scrutiny and the latest U.S. sanctions on major Russian producers.
