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

Reliance Industries Ltd. said it will fully comply with recent European Union, UK, and US restrictions on Russian crude oil imports and exports of refined products to Europe. The company will adjust its refinery operations to meet all compliance requirements while continuing its diversified crude sourcing strategy to serve both domestic and export markets.

The EU’s ban covers certain Russian refined products, including diesel, gasoline, and fuel oils, and prohibits EU companies from providing insurance, reinsurance, or shipping services for their transport. Reports suggest Reliance exported nearly 22 million tonnes of oil products in the first half of 2025-26, about 28% of which went to Europe.

Reliance said it is assessing the implications of the new measures, noting that supply contracts in the industry evolve to reflect changing market and regulatory conditions. The company affirmed its commitment to adhering to all sanctions and ensuring India’s energy security.

The restrictions follow US sanctions on Russia’s top oil firms, Rosneft and Lukoil, effective November 21, with a 30-day period to wind down existing contracts. Reliance and other Indian refiners have been major buyers of Russian crude, importing around 1.7 million barrels per day from January to September.