Reliance assessing impact of Western curbs on Russian crude flows

Reliance Industries says it is evaluating the impact of EU-US-UK curbs on Russian crude and products, pledges full compliance and confidence in diversified sourcing strategy.
Reliance assessing impact of Western curbs on Russian crude flows
Reliance Industries | Kotak Securities recommends buying the stock at a price of ₹1,363 for a price target of ₹1,555 until the next Diwali. The brokerage expects RIL's telecom arm to launch its IPO by the first half of calendar year 2026. Kotak estimates the company's EBITDA to double between FY22 and FY27E, reaching around ₹2.11 crore by the end of the period. The organised retail segment is expected to deliver over 20% revenue CAGR over the next three years, while the FMCG business aims to achieve ₹1 lakh crore in revenue over the next five years (against ₹11,500 crore projected in FY25). In the long run, Reliance aspires to become India's largest FMCG company with a global footprint. Further, with its focus on transforming into a deep-tech enterprise, RIL has announced a new joint venture with Meta and expanded its partnership with Google Cloud.
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Published Oct 24, 2025   |   11:33 AM GMT-04
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Reliance Industries on Friday said it is examining the implications of fresh restrictions imposed by the European Union, United Kingdom and the United States on imports of Russian crude oil and export of refined products to Europe.

The company stated it would comply with EU guidelines governing product imports into the bloc and fully follow any direction issued by the Indian government.

This comes as the US has tightened sanctions on major Russian oil firms such as Lukoil and Rosneft, prompting a rethink of India’s Russia-oil import strategy and broader energy mix.

A RIL spokesperson said Reliance has always aligned operations with India’s energy security goals and maintained strict adherence to sanctions and regulatory frameworks. The refiner plans to adapt its operations to meet new compliance requirements.

The company added that supply contracts routinely evolve in response to market and regulatory shifts. Reliance expressed confidence that its diversified crude sourcing strategy will ensure stable refinery operations and uninterrupted supply for domestic and export markets, including Europe.
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