Reliance “will adapt refinery operations to meet compliance requirements,” a company spokesperson said in a statement Friday, while maintaining its relationships with suppliers.

“Wherever there is any guidance from the Indian Government in this regard, as always, we will fully comply with it,” the statement added.

The US Treasury’s Office of Foreign Assets Control (OFAC) on Wednesday designated major Russian companies Rosneft and Lukoil for the first time, as President Donald Trump grows increasingly frustrated with Russia’s relentless war against Ukraine.

US Treasury Secretary Scott Bessent said the move was the result of Russian President Vladimir Putin’s “refusal to end this senseless war” and encouraged allies to adhere to the new sanctions.

The next day, the European Union adopted its 19th package of measures against Russia, including a complete ban on transactions with Rosneft. The EU has previously said that starting Jan. 21 it will not receive fuel imports from refineries that have received or processed Russian oil 60 days before shipment.

Reliance, chaired by billionaire businessman Mukesh Ambani, operates the world’s largest refining complex in western Gujarat. The company has bought about half of the 1.7-1.8 million barrels per day (bpd) of discounted Russian crude shipped to India, the Press Trust of India news agency reported this week.

In 2024, Reliance signed a 10-year deal with Rosneft to buy nearly 500,000 bpd, Reuters reported at the time. It also buys Russian oil from intermediaries.

Reliance did not offer details on how, exactly, it planned to circumvent the sanctions – nor the fate of the 2024 Rosneft deal – but stressed that it would comply with European import requirements.

“Reliance is confident that its diversified and proven crude oil sourcing strategy will continue to ensure stability and reliability in its refinery operations to meet domestic and export requirements, including to Europe,” the company spokesperson said.

The sanctions also come as India navigates the fallout from Trump’s tariffs on Indian exports, which increased to 50 percent starting in August as a penalty for importing Russian oil. China and India are the world’s largest importers of Russian crude oil.

Trump has claimed several times over the past month that India agreed to stop buying Russian oil as part of a broader trade deal, a claim the Indian government has not confirmed.

Neither India’s foreign ministry nor oil ministries have responded since the sanctions were announced on Wednesday.