Reliance Diversifies Crude Imports Amid Sanctions

Reliance Industries has announced an increased shift away from Russian crude toward Middle East and U.S. sources as geopolitical sanctions tighten. The company expects Indian imports this quarter to be up about 10% from those regions, reflecting active management of supply-chain risk. The development may reduce reliance on sanction-sensitive Russian supply and provide greater flexibility for India’s energy security. Commodity analysts view this strategic pivot as positive for resilience, though higher logistics and freight costs may press margins in the near term.