Reliance Industries Ltd, operator of the world’s largest refining complex, is set to resume imports of sanctions-compliant Russian oil in February and March after a one-month pause. The company last received Russian crude in December, following a temporary U.S. concession to wind down dealings with Rosneft.
India’s Reliance Industries Ltd is preparing to restart Russian oil imports in February, marking the end of a brief suspension. The pause followed a U.S. concession that allowed Reliance to conclude transactions with Rosneft beyond a November deadline. With compliance ensured, Reliance will now source crude from non-sanctioned sellers.
Key Highlights
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Reliance last imported Russian crude in December under a temporary U.S. waiver
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The company operates the world’s largest refining complex at Jamnagar, Gujarat
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Imports will resume in February and continue into March, according to sources
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Reliance is sourcing oil from non-sanctioned Russian suppliers to remain compliant
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The move underscores India’s balancing act between energy security and global sanctions
This development reflects India’s continued reliance on Russian energy supplies, while navigating international restrictions. The resumption of imports is expected to support domestic refining operations and stabilize supply chains amid fluctuating global oil markets.
Sources: Reuters, The Hindu BusinessLine, Business Recorder