#Reliance Industries# RIL# Russian Oil# US sanctions# EU sanctions# UK sanctions# Narendra Modi# Donald Trump# Rosneft# Lukoil# Jamnagar Refinery
IBNS-CMEDIA: Reliance Industries Ltd (RIL) on Friday said it will modify its refinery operations to comply with the latest sanctions imposed by the United States, the United Kingdom, and the European Union on imports of Russian oil.
In a statement, the oil-to-telecom conglomerate said it “remains fully committed to maintaining its longstanding and impeccable record of adherence to applicable sanctions and regulatory frameworks” and will adapt its operations accordingly.
Company assessing implications
RIL said it is assessing the impact of the new restrictions announced by Western allies and will align its refinery operations to comply with both international sanctions and India’s energy security goals.
“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 assessing the implications, including the new compliance requirements. We will comply with the EU’s guidelines on the import of refined products into Europe.
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,” an RIL spokesperson said in a post on X.
RIL’s exposure to Russian crude
Russia currently accounts for 35–40% of India’s total crude oil imports by volume, with Rosneft and Lukoil together supplying about 60% of that share.
Business Standard reported that sanctions on these two Russian firms could raise India’s annual oil import bill by $2.7 billion.
RIL, which operates the world’s largest refining complex in Jamnagar, Gujarat, imported roughly half of India’s 1.57 million barrels per day (bpd) of Russian crude in September 2025.
Shifting focus to West Asia
While awaiting guidance from the Indian government, Reliance is expected to diversify its sourcing by increasing imports from West Asian nations.
According to Bloomberg, following Washington’s latest curbs on Russian majors, RIL has already purchased millions of barrels of crude from Saudi Arabia, Iraq, Qatar, and the United States.
