Reliance Industries to resume Russian oil imports in February as new European Union sanctions take effect

Reliance Industries is resuming Russian oil imports next month following a temporary pause. The move comes as new EU sanctions impact global refining operations.

Insights:
The European Union EUEUimplemented new sanctions on January 21, 2026, targeting refineries that process petroleum products originating from Russia RURU. These measures restrict the sale of fuels from any refinery that has processed Russiancrude within 60 days prior to the bill-of-lading date. In response to these evolving regulations, Reliance Industries Limited has announced it will resume receiving sanctions-compliant Russianoil in February and March 2026. This resumption follows a strategic one-month pause in imports as the company recalibrated its procurement to align with international restrictions.
Reliance logo is seen in this illustration taken, August 13, 2024. REUTERS/Dado Ruvic/Illustration
Reliance logo is seen in this illustration taken, August 13, 2024. REUTERS/Dado Ruvic/Illustration
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