Reliance Industries to Comply with New US, EU Sanctions on Russian Oil

Reliance Industries Ltd (RIL) has confirmed that it will comply with the latest sanctions imposed by the United States, European Union, and United Kingdom on Russian oil. The company is reviewing the impact of these measures and adjusting refinery operations to meet regulatory requirements.

A company spokesperson said, “We will comply with the EU’s guidelines on the import of refined products into Europe.” Reliance also reaffirmed its commitment to adhering fully to applicable sanctions and global regulatory frameworks.

The US government, on October 22, imposed sanctions on Russia’s largest crude producers, Rosneft and Lukoil, prohibiting all American individuals and entities from conducting business with them. Non-US companies could face penalties if found trading with these firms or their subsidiaries. All existing transactions must be wound down by November 21, 2025.

Currently, Russia accounts for nearly one-third of India’s crude oil imports, averaging 1.7 million barrels per day (mbd) in 2025. Of this, around 1.2 mbd comes directly from Rosneft and Lukoil, primarily purchased by private refiners such as Reliance Industries and Nayara Energy, with smaller volumes allocated to state-owned refiners.

According to Sumit Ritolia, Lead Research Analyst at Kpler, Russian crude flows are expected to remain between 1.6–1.8 mbd until November 21. However, direct volumes from Rosneft and Lukoil are likely to decline thereafter as Indian refiners aim to avoid any potential US sanctions.

Reliance’s proactive approach includes tweaking refinery operations and reviewing supply contracts to ensure full compliance while minimizing disruption to India’s oil supply chain.

The company’s response underscores its focus on regulatory adherence amid evolving international sanctions and highlights the growing complexity of global oil trade.