Shares of Reliance Industries Ltd are trading flat after touching a day’s high of Rs 1,557.80 on 21st November. This follows the firm’s announcement on 20th November that it has stopped importing Russian crude oil into its Special Economic Zone (SEZ) refinery. The firm is completing its transition to non-Russian feedstock ahead of upcoming product-import restrictions.

A Reliance Industries spokesperson said the company has stopped importing Russian crude oil into its SEZ refinery from 20th November. From 1st December, all exports from this refinery will be made using only non-Russian crude. This change completes the shift ahead of the product-import restrictions that take effect on 21st January, 2026. The SEZ refinery operates as a fully segregated facility dedicated to its own production line.

The spokesperson added that Reliance is honouring all pre-committed Russian crude shipments as of 22nd October, 2025. This is because logistics were already finalised. The final cargo under these commitments was loaded on 12th November. Any Russian crude arriving on or after 20th November will be diverted to the company’s Domestic Tariff Area (DTA) refinery. This refinery is not covered by the new SEZ-specific restrictions. All related operational activities can still be completed in compliance with the law, the spokesperson said.

Reliance’s decision comes amid tightening global sanctions and stricter compliance rules on Russian oil. The Trump administration has also increased pressure on India to stop buying Russian energy. Indian exports to the US currently face a 50% tariff — among the highest. Additionally, there is a 25% penalty imposed due to India’s continued imports of Russian oil.

At 1:08 PM, shares of Reliance Industries were trading 0.28% higher at Rs 1,553.40 on NSE.

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