Reliance navigates U.S. sanctions threat over Russian oil by diversifying imports and leveraging geopolitical shifts for trade talks.

• Reliance’s Rosneft crude deal faces risks as the U.S. eyes secondary sanctions on Russian oil buyers within 50 days.
• Discounts on Russian Urals crude fading; Reliance shifts focus to U.S. ethane imports amid tighter Chinese export controls.
• Jamnagar refinery’s flexibility and high margins position Reliance strongly regardless of global geopolitical shifts or sanctions.