According to Reliance Industries, it is still totally dedicated to upholding compliance with all relevant laws and regulations.
Reliance Industries said on Friday that it would adjust refinery operations to comply with the most recent restrictions imposed by the United States and other Western countries on Russian oil.
The oil-to-retail giant said that it is evaluating the effects of United States, UK, and EU limitations on the export of refined goods to Europe and the purchase of crude oil from Russia.
A representative for RIL said, “We will adhere to the EU’s regulations on the importation of refined goods into Europe.”
According to Reliance Industries, it is still totally dedicated to upholding compliance with all relevant laws and regulations.
The business will modify refinery operations to comply with the most recent sanctions compliance standards, the representative said.
On October 22, the US government banned all American companies and persons from doing business with Rosneft and Lukoil, the two biggest producers of crude oil in Russia.
If discovered to be doing business with the sanctioned corporations or their subsidiaries, non-US entities may also be subject to sanctions. According to the US Treasury Department, Rosneft and Lukoil must complete all outstanding transactions by November 21.
Nearly a third of India’s crude imports now come from Russia; in 2025, the country imported an average of 1.7 million barrels per day (mbd), of which 1.2 mbd came straight from Rosneft and Lukoil. Reliance Industries Ltd. and Nayara Energy, two private refiners, purchased the majority of these quantities, with state-owned refiners receiving lesser shares.
According to Sumit Ritolia, Lead Research Analyst (Refining and Modelling) at Kpler, Russian crude flows are anticipated to stay between 1.6 and 1.8 mbd till November 21. After that, direct volumes from Rosneft and Lukoil are probably going to decrease as Indian refiners try to minimize the possibility of US penalties.