RIL sanction compliant, Russian oil contributes just 2.1% of EBITDA

Reliance operates the world's largest single location refining complex, with more than half of the capacity exclusively dedicated for exports

- OUR CORRESPONDENT

NEW DELHI: Reliance Industries Ltd has consistently remained compliant with international sanctions and is expected to adhere to upcoming measures on Russian oil, analysts said, estimating that oil sourced from Russia contributes just 2.1 per cent to its consolidated EBITDA.

Reliance operates the world's largest single location refining complex, with more than half of the capacity exclusively dedicated for exports. It is also India's biggest user of Russian oil.

In July, the European Union approved its 18th sanctions package in response to Russia's ongoing war in Ukraine. It lowered oil price cap to $47.60 per barrel from $60, for cargo to avail western shipping and insurance services, as well as banned import of refined petroleum products derived from Russian crude, including those refined in third countries, beginning January 2026.