Mangalore Refinery and Petrochemicals stops Russian oil imports to meet sanctions
The state-run Indian refiner is seeking alternative crude sources as new European Union rules take effect. Higher export margins currently offset supply costs.
Insights:
Mangalore Refinery and Petrochemicals Ltd, a prominent state-run refiner in India 
IN, has halted all imports of Russian 
RUCrude Oil to comply with Western sanctions. The announcement was made on January 19, 2026, by the head of finance, Devendra Kumar devendra kumar, who confirmed that the company currently has no shipments of Crude Oilfrom Russiaarriving at its facilities. This shift reflects a broader compliance by refiners in Indiawith the United States 
USand European Union sanctions regimes that restrict energy trade with Russia.
IN, has halted all imports of Russian RUCrude Oil to comply with Western sanctions. The announcement was made on January 19, 2026, by the head of finance, Devendra Kumar devendra kumar, who confirmed that the company currently has no shipments of Crude Oilfrom Russiaarriving at its facilities. This shift reflects a broader compliance by refiners in Indiawith the United States USand European Union sanctions regimes that restrict energy trade with Russia.The refinery, which processes 500,000 barrels per day in Karnataka, typically exports about 40% of its refined fuel output. However, the European Union will no longer accept fuel from refineries that have processed Crude Oilfrom Russiawithin 60 days of the bill of lading date, starting January 21, 2026. This follows the United Statesdecision to sanction major producers Rosneft and Lukoil in October 2025, with a wind-down deadline that concluded on November 21, 2025.
