Reliance Industries Ltd (RIL) on Friday said it will adjust its refinery operations to comply with the latest sanctions imposed by the United States, the United Kingdom, and the European Union on the import of Russian oil. The company reaffirmed its commitment to full compliance with all applicable sanctions and regulatory frameworks. “Reliance remains fully committed to maintaining its longstanding and impeccable record of adherence to applicable sanctions and regulatory frameworks and will adapt its refinery operations to meet compliance requirements,” the company said in a statement. RIL is assessing the implications of the restrictions and will align its operations to uphold India’s energy security. “We have noted the recent restrictions announced by the EU, UK and the US on crude oil imports from Russia and export of refined products to Europe. Reliance is currently assessing the implications, including the new compliance requirements. We will comply with the EU’s guidelines on the import of refined products into Europe,” a company spokesperson said in a post on X. The spokesperson added that RIL will fully comply with any future guidance from the Indian government, as it has consistently done in the past. US and EU tighten sanctions on Russian oil The announcement follows the latest round of sanctions imposed by the Trump administration on Russia’s largest oil producers — Rosneft and Lukoil — in a renewed effort to pressure Moscow to end the conflict in Ukraine. The sanctions are expected to impact private Indian refiners, particularly RIL, which holds a long-term contract to purchase nearly 500,000 barrels per day (bpd) of crude from Rosneft. By contrast, state-run refiners do not have similar term contracts with Moscow and primarily rely on spot cargoes sourced through intermediaries. RIL stated that it would address the new sanction conditions “while maintaining relationships with its suppliers”. Impact on India’s oil imports Russia currently accounts for 35–40 per cent of India’s total crude imports, with Rosneft and Lukoil contributing about 60 per cent of that volume. According to a Business Standard report, the sanctions could raise India’s annual oil import bill by around USD 2.7 billion. RIL, which operates the world’s largest refinery complex in Jamnagar, Gujarat, accounted for about half of India’s 1.57 million bpd imports of Russian crude in September this year. In anticipation of tighter restrictions, RIL has already begun diversifying its crude sources, increasing imports from Saudi Arabia, Iraq, Qatar, and the United States, according to Bloomberg. Washington’s broader energy push The latest sanctions are part of Washington’s broader strategy to curtail India’s purchase of discounted Russian oil, which the US alleges is helping fund Moscow’s war effort. US President Donald Trump recently stated that he had spoken with Prime Minister Narendra Modi, claiming India would “not be importing much oil from Russia” going forward. “He (Modi) wants to see that war end as much as I do,” Trump said.