Reliance Industries halts Russian crude in Gujarat to meet EU sanctions

Reliance Industries Ltd on Thursday said it has halted the use of Russian crude at its export-only refinery in Jamnagar, Gujarat, as the company moves to comply with European Union sanctions.

Reliance is India’s largest buyer of Russian oil, which it processes and turns into fuel, such as petrol and diesel, at its giant oil refining complex at Jamnagar.

The complex is made up of two refineries – one SEZ unit from which fuels are



exported to the European Union, the US and other markets, and an older unit that caters to the domestic market.

The European Union – a big market for Reliance – has imposed wide-ranging sanctions targeting Russia’s energy revenues, including measures that restrict the import and sale of fuels produced from Russian crude oil.

To comply with these, Reliance has stopped processing Russian crude oil at its only-for-exports (SEZ) refinery.