A panoramic view of Reliance Petroleum’s refinery complicated at Jamnagar in Gujarat.
Reliance Industries (RIL) on Friday mentioned that it’s presently assessing the influence of the sanctions imposed by the US, European Union (EU) and the UK on crude oil imports from Russia and export of refined merchandise to Europe.
India’s largest non-public sector refiner, which is among the many hardest hit from the sanction on Russia, will adjust to EU pointers in addition to any steering from India.
“We’ve famous the latest restrictions introduced by the European Union, UK and the US on crude oil imports from Russia and export of refined merchandise to Europe. Reliance is presently assessing the implications, together with the brand new compliance necessities,” an RIL spokesperson mentioned.
The oil-to-clean vitality conglomerate will adjust to EU’s pointers on the import of refined merchandise into Europe. Each time there may be any steering from the Indian authorities on this respect, as at all times, RIL shall be complying totally, the spokesperson emphasised.
“Reliance has persistently aligned itself with the targets of making certain India’s vitality safety. The corporate stays totally dedicated to sustaining its longstanding and impeccable document of adherence to relevant sanctions and regulatory frameworks and shall be adapting the refinery operations to satisfy the compliance necessities,” the spokesperson added.
As is customary within the trade, provide contracts evolve to replicate altering market and regulatory situations. Reliance will handle these situations whereas sustaining the relationships with its suppliers.
“Reliance is assured that its time-tested, diversified crude sourcing technique will proceed to make sure stability and reliability in its refinery operations for assembly the home and export necessities, together with to Europe,” the corporate spokesperson mentioned.
Printed on October 24, 2025
