Reliance denies buying Russian oil, saying no shipments are expected in January amid U.S. tariff threats.

Reliance Industries denied reports that Russian oil cargos were headed to its Jamnagar refinery, calling the claims "blatantly untrue" and damaging to its reputation. On January 6, 2026, the company announced that it has not received any shipments of Russian crude in the previous three weeks and does not anticipate receiving any in January. Reliance stressed that no committed shipments were planned, but this comes after a Bloomberg report that cited shipping data showing three tankers carrying Urals crude en route. The denial coincides with the United States threatening to impose tariffs on Indian goods due to the country's ongoing imports of Russian oil, which has sparked political discussion in India regarding foreign influence and energy independence.