### Reliance Industries Denies Reports of Russian Oil Shipments to Jamnagar Refinery Reliance Industries Limited (RIL) has firmly refuted claims regarding the arrival of Russian crude oil at its Jamnagar refinery. The company stated that it has not received any shipments of Russian oil in the past three weeks and does not anticipate any deliveries for January 2026. This denial comes in response to a Bloomberg report suggesting that three vessels carrying Russian oil were en route to the refinery, which RIL labeled as "blatantly untrue" and damaging to its reputation. The company emphasized its compliance with international sanctions and clarified that it had suspended all Russian oil shipments since November 2025 [https://www.livemint.com/companies/news/reliance-industries-refutes-reports-three-vessels-russian-crude-en-route-to-jamnagar-refinery-says-blatantly-untrue-deny-11767663807791.html, https://www.cnbctv18.com/market/reliance-industries-share-price-ril-says-not-expecting-any-russian-cargo-in-january-calls-report-blatantly-untrue-19814957.htm]. ### Breakdown of the Situation 1. **Denial of Shipments**: RIL has categorically denied any recent or expected shipments of Russian oil to its Jamnagar refinery, stating that it has not received any cargoes in the last three weeks [https://www.timesnownews.com/business-economy/companies/reliance-calls-russian-oil-report-wrong-denies-any-tankers-bound-for-jamnagar-article-153402225]. 2. **Response to Media Reports**: The company criticized the media, particularly Bloomberg, for allegedly ignoring its clarifications and for publishing what it considers misleading information [https://www.ibtimes.co.in/blatantly-untrue-tarnishing-image-reliance-issues-statement-denies-russian-oil-cargoes-895451]. 3. **Impact of Sanctions**: RIL's statement comes amid heightened scrutiny and political debate in India regarding the purchase of Russian oil, especially in light of recent U.S. tariffs on Indian goods [https://www.deccanchronicle.com/nation/current-affairs/reliance-denies-russian-oil-shipments-to-jamnagar-refinery-1928602]. ### Supporting Evidence and Data - **Recent Shipments**: RIL confirmed that it has not received any Russian oil shipments in the past three weeks and does not expect any in January 2026 [https://www.moneycontrol.com/news/business/companies/reliance-rejects-claims-of-russian-oil-cargoes-coming-to-jamnagar-refinery-blatantly-untrue-13758188.html]. - **Suspension of Russian Oil**: The company has stated that it suspended all Russian oil shipments since November 2025, aligning with compliance to international sanctions [https://oilprice.com/latest-energy-news/world-news/indias-largest-refinery-operator-denies-report-of-russian-oil-deliveries.html]. - **Market Reaction**: Following the reports, RIL's share price experienced a decline, prompting the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) to seek clarification from the company [https://www.theweek.in/news/biz-tech/2026/01/06/reliance-calls-bloomberg-russian-oil-report-claim-blatantly-untrue-ril-shares-fall-5-percent.html]. ### Conclusion and Key Takeaways In summary, **Reliance Industries has decisively rejected claims of Russian oil shipments to its Jamnagar refinery**, asserting that such reports are unfounded and damaging to its image. The company has not received any Russian oil in the past three weeks and does not expect any deliveries for January 2026. This situation highlights the complexities surrounding international oil trade and the implications of geopolitical tensions on corporate operations. 1. RIL's firm denial of Russian oil shipments is supported by its recent operational history and compliance with sanctions. 2. The media's portrayal of the situation has been criticized by RIL, indicating a potential disconnect between corporate communications and public reporting. 3. The market's reaction to these reports underscores the sensitivity of investor sentiment in relation to geopolitical developments affecting major corporations. For further details, please refer to the sources: [https://www.livemint.com/companies/news/reliance-industries-refutes-reports-three-vessels-russian-crude-en-route-to-jamnagar-refinery-says-blatantly-untrue-deny-11767663807791.html], [https://www.cnbctv18.com/market/reliance-industries-share-price-ril-says-not-expecting-any-russian-cargo-in-january-calls-report-blatantly-untrue-19814957.htm], [https://www.deccanchronicle.com/nation/current-affairs/reliance-denies-russian-oil-shipments-to-jamnagar-refinery-1928602].