Refining the Rules—Reliance Blends Russian Crude Into US Demand With Precision

India’s largest private-sector conglomerate, Reliance Industries Ltd., is walking a diplomatic and commercial tightrope—importing Russian crude oil while exporting refined fuels to the United States, according to a March 2025 report by the Centre for Research on Energy and Clean Air (CREA). The strategy underscores Reliance’s ability to operate within global sanctions frameworks while maximizing refinery economics.

 

The Numbers Behind the Strategy

Geopolitical and Commercial Implications

Industry Insight

“Reliance’s strategy reflects a pragmatic balance—leveraging discounted Russian crude while maintaining strong export ties with the West,” said an energy analyst at Kpler.

 

Sources: The Hindu, Kpler, CNBC TV18, Deccan Herald, The Hindu BusinessLine