IndianOil and Reliance Industries announced they will adhere to new US sanctions on Russian oil firms, impacting India's oil supply chain. This matters as Russian crude constitutes about one-third of India's total oil imports.

In response to new US sanctions targeting Russian oil firms Rosneft and Lukoil, IndianOil Corp and Reliance Industries have pledged to comply fully with these restrictions. The sanctions are significant as Russian oil accounts for approximately one-third of India's total oil imports, with Reliance relying on Russian crude for about half of its imports. The sanctions have prompted Indian refiners to seek alternative oil supplies from the Middle East, Brazil, the US, and Africa. Industry executives believe that while refiners will avoid engaging with sanctioned entities, Russia may still find ways to circumvent restrictions. The Indian government has not yet commented on the sanctions, and Russia claims the measures will not severely impact its economy.