Archive · 5 Sep 2025
Reliance Compliant with Sanctions; Russian Oil Benefit Capped
Reliance, an Indian company, is buying oil from Russia.
The EU is putting sanctions on Russian oil, which means they are limiting the price.
Despite importing this oil, Reliance is expected to follow these rules.
Experts believe that Reliance’s profit from the Russian oil is not very high.
US officials have questioned India's oil imports.
The profits from Russian oil have been decreasing.
Reliance Industries is expected to comply with upcoming EU sanctions on Russian oil.
Analysts estimate Russian oil contributes only 2.1% to Reliance's EBITDA.
The EU has banned import of refined petroleum products derived from Russian crude starting January 2026.
US officials are scrutinizing India's import of Russian oil.
The discount on Russian crude has decreased over time.
- Who
- Reliance Industries Ltd, EU, US officials
- What
- Analysis of Reliance's compliance with sanctions on Russian oil imports.
- When
- Published September 5, 2025
- Where
- India and Europe.
- Why
- Due to EU sanctions, US scrutiny, and market dynamics.
US Concerns
Reliance's Position
Profiteering from Russian Oil
US Concerns
US officials have concerns that India is profiting off Russian oil.
Reliance's Position
Reliance's benefit from Russian oil is limited, estimated at around 2.1% of EBITDA.
- Reliance's EBITDA Benefit from Russian Oil
- 2.1%
- EU Ban on Russian Refined Products
- January 2026
- EU Oil Price Cap (July)
- $47.60 per barrel
- Reliance Refinery Location
- Jamnagar
Sources
Europe stockpiles Indian diesel: Fuel Donald Trump says is 'still funding Russia’s war machine'
EU Ban Impact: India’s Diesel Exports to Europe Skyrocket with 137% Surge in August
India’s diesel exports to Europe skyrocket in run-up to EU ban on fuels made from Russian oil
Diesel exports from India to Europe doubled during August