Jamnagar: Reliance Industries Ltd (RIL), India’s largest importer of Russian crude oil, said on Friday that it is reviewing the potential impact of new restrictions imposed by the European Union (EU), the United Kingdom (UK), and the United States (US) on Russian crude and refined products.

In an official statement, the company said, “We have noted the recent restrictions announced by the European Union, the United Kingdom, and the United States on crude oil imports from Russia and the export of refined products to Europe. Reliance is currently assessing the implications, including the new compliance requirements. We will comply with the EU’s guidelines on the import of refined products into Europe. Whenever there is any guidance from the Indian government in this respect, as always, we will comply fully. Reliance has consistently aligned itself with the objectives of ensuring India’s energy security.”

“The company remains fully committed to maintaining its longstanding and impeccable record of adherence to applicable sanctions and regulatory frameworks and will adapt its refinery operations to meet compliance requirements. As is customary in the industry, supply contracts evolve to reflect changing market and regulatory conditions. Reliance will address these conditions while maintaining its relationships with suppliers. Reliance is confident that its time-tested, diversified crude sourcing strategy will continue to ensure stability and reliability in its refinery operations for meeting both domestic and export requirements, including to Europe,” an RIL spokesperson said.

The statement comes after fresh sanctions introduced by U.S. President Donald Trump targeting Russian oil majors Lukoil and Rosneft, as part of a broader effort to tighten measures linked to the Ukraine conflict.

Reliance, which operates the world’s largest refinery complex in Jamnagar, Gujarat, is among the firms affected. The company sources Russian oil through both long-term supply agreements and spot deals, processing about 1.4 million barrels per day at its facilities.

Currently, RIL has a long-term agreement to purchase roughly 500,000 barrels per day from Russian oil major Rosneft, along with additional spot volumes from intermediaries.

According to a Reuters report, several other Indian refiners are also planning to scale back Russian crude purchases amid heightened Western scrutiny and new U.S. sanctions targeting Moscow’s key oil producers. DeshGujarat