Reliance assessing impact of Western curbs on Russian crude flows

Reliance Industries on Friday said it is examining the implications of fresh restrictions imposed by the European Union, United Kingdom and the United States on imports of Russian crude oil and export of refined products to Europe.

The company stated it would comply with EU guidelines governing product imports into the bloc and fully follow any direction issued by the Indian government.

This comes as the US has tightened sanctions on major Russian oil firms such as Lukoil and Rosneft, prompting a rethink of India’s Russia-oil import strategy

and broader energy mix.

A RIL spokesperson said Reliance has always aligned operations with India’s energy security goals and maintained strict adherence to sanctions and regulatory frameworks. The refiner plans to adapt its operations to meet new compliance requirements.

The company added that supply contracts routinely evolve in response to market and regulatory shifts. Reliance expressed confidence that its diversified crude sourcing strategy will ensure stable refinery operations and uninterrupted supply for domestic and export markets, including Europe.