US sanctions on Russia's Rosneft and Lukoil may impact Reliance Industries’ direct oil imports. State-owned refiners are likely to continue buying through intermediary traders. EU restrictions on fuel exports will further affect Indian firms, prompting recalibration from January 2026

New Delhi: US sanctions against two of Russia’s largest oil companies are expected to impact Reliance Industries’ crude imports from Russia, while State-run refiners may continue purchases through intermediary traders for now.

Industry sources said public-sector units are assessing compliance risks but are unlikely to halt Russian crude flows immediately as they buy almost all of their needs from traders, mostly European (who are out of the sanctions net).

Billionaire Mukesh Ambani’s Reliance Industries Lt

See Full Page