‘Will be adapting refinery operations’: RIL responds to US, EU sanctions on Russian crude; commits to compliance
Reliance Industries said it is evaluating the impact of new US and EU sanctions on Russian oil firms, stating full compliance with EU import guidelines for refined products. The company, a major importer of Russian crude, is diversifying its oil sources, securing shipments from Saudi Arabia, Iraq, Qatar, and the US. This move aims to navigate potential penalties and maintain supplier relationships.🕒 1 min read
Reliance Industries said it is evaluating the impact of new US and EU sanctions on Russian oil firms, stating full compliance with EU import guidelines for refined products. The company, a major importer of Russian crude, is diversifying its oil sources, securing shipments from Saudi Arabia, Iraq, Qatar, and the US. This move aims to navigate potential penalties and maintain supplier relationships.
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