Reliance Industries plans to stop importing crude oil from sanctioned Russian entities to comply with Western sanctions, ensuring continued access to US and European markets. This shift is significant as it reflects the impact of geopolitical tensions on global oil supply chains.

Reliance Industries is set to stop importing crude oil from sanctioned Russian entities to comply with Western sanctions, which is crucial for maintaining access to US and European markets. The company, which has been the largest buyer of Russian crude in India, reported a 24% decrease in imports in October compared to September, with Russian crude's share in its total imports dropping from 56% to 43%. To compensate for the decline in Russian oil, Reliance has increased its imports from the Middle East, particularly Saudi Arabia and Iraq, while also nearly doubling its intake from the US. This strategic shift comes in light of earlier sanctions and geopolitical pressures, highlighting the intricate relationship between international sanctions and global oil supply chains. Reliance's commitment to comply with these sanctions is critical, given its significant exposure to US investments and technology partnerships.