Reliance Industries to Comply with EU's Guidelines on Crude Oil Imports from Russia

Reliance Industries Ltd. has noted the recent restrictions announced by the European Union, United Kingdom, and the United States on crude oil imports from Russia and export of refined products to Europe. The company is currently assessing the implications, including new compliance requirements. Reliance is committed to maintaining its longstanding and impeccable record of adherence to applicable sanctions and regulatory frameworks, and will adapt its refinery operations to meet the compliance requirements. The company is confident that its diversified crude sourcing strategy will ensure stability and reliability in its refinery operations for meeting domestic and export requirements, including to Europe.