comply

Last year, Reliance Industries Ltd signed a deal with Russian major Rosneft to import nearly 500,000 barrels per day.

India’s top importer of Russian oil, the conglomerate Reliance Industries Ltd, says it will abide by Western sanctions, ending several days of speculation about how the company will manage new measures targeting Russia’s two largest oil companies.

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

“Whenever there is any guidance from the Indian Government in this respect, as always, we will be complying fully,” the statement added.

On Wednesday, the United States Treasury Office of Foreign Assets Control (OFAC) designated Russian majors Rosneft and Lukoil for the first time as President Donald Trump becomes increasingly frustrated with Russia’s unremitting war on Ukraine.

US Secretary of the Treasury 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 following day, the European Union adopted its 19th package of measures against Russia, which includes a full transaction ban on Rosneft. The EU has previously said that, starting January 21, it will not receive fuel imports from refineries that received or processed Russian oil 60 days prior to shipping.

Reliance, chaired by billionaire businessman Mukesh Ambani, operates the world’s biggest refining complex in western Gujarat. The company has purchased roughly half of the 1.7-1.8 million barrels per day (bpd) of discounted Russian crude shipped to India, the news agency Press Trust of India 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 navigate the sanctions – nor the fate of the 2024 Rosneft agreement – but emphasised it would comply with European import requirements.

“Reliance is confident its time-tested, diversified crude sourcing strategy will continue to ensure stability and reliability in its refinery operations for meeting the domestic and export requirements, including to Europe,” the company spokesperson said.

The sanctions also arrive as India navigates the fallout from Trump’s tariffs on Indian exports, which rose 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.

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

Neither India’s Ministry of External Affairs nor oil ministries have responded since the sanctions were announced on Wednesday.

US special envoy Tom Barrack has asked Israel to withdraw from the Lebanese territory after Beirut approved a plan to disarm the Hezbollah group by the end of the year, in exchange for an end to Israeli military attacks on its territory.

“There’s always a step-by-step approach, but I think the Lebanese government has done their part. They’ve taken the first step. Now what we need is Israel to comply with that equal handshake,” Barrack told reporters on Monday, in Lebanon’s capital of Beirut, after meeting Lebanese President Joseph Aoun.

The US-backed plan sets out a four-phase roadmap for the Hezbollah group to hand in their arsenal as Israel’s military halts ground, air and sea operations and withdraws troops from Lebanon’s south.

Lebanon’s cabinet approved the plan on August 7 despite Hezbollah’s outright refusal to disarm, raising fears that Israel could intensify attacks on Lebanon, even while it carries out near-daily violations of the November truce it signed with Hezbollah to end its war.

Israel has continued these attacks against Lebanon even in the weeks since the cabinet approved the plan.

Barrack described the cabinet’s decision as a “Lebanese decision that requires Israel’s cooperation” and said the US was “in the process of now discussing with Israel what their position is” but provided no further details.

Asked by reporters about whether he expected to see Israel fully withdraw from Lebanese territory, the US envoy said “that’s exactly the next step” needed.

“There is cooperation from all sides. We are not here to intimidate anyone. The positive outcomes will benefit Hezbollah, Lebanon, and Israel alike,” he said.

‘An economic proposal’

The US envoy also said Washington would seek an economic proposal for post-war reconstruction in the country, after months of shuttle diplomacy between the US and Lebanon.

Barrack voiced optimism after Monday’s meeting, stating: “A return to prosperity and peace is within reach. I believe we will witness progress in several areas in the coming weeks.”

“This is the first visit of the American envoy to Lebanon after the Lebanese cabinet mandated the Lebanese army to assess how to disarm Hezbollah,” said Al Jazeera’s Ali Hashem, reporting from Beirut.

“However, there are a lot of concerns with respect to how this process is going to happen, given the fact that Hezbollah refused.”

On Friday, Hezbollah leader Naim Qassem raised the spectre of civil war, warning there would be “no life” in Lebanon should the state attempt to confront or eliminate the group.

In a written statement after his meeting with Barrack, Aoun said “other parties” now needed to commit to the roadmap’s contents.

Barrack is also set to meet with Prime Minister Nawaf Salam and Speaker Nabih Berri, who often negotiates on behalf of Hezbollah with Washington.

A ‘return to prosperity and peace’?

Under phase one of the US-backed plan, the Lebanese government is to issue a decision committing to Hezbollah’s full disarmament by the end of the year – which it now has – and Israel will cease military operations in Lebanese territory.

In phase two, Lebanon would begin implementing the disarmament plan within 60 days, and the government would approve troop deployments to the south. Then, Israel would begin withdrawing from the south and releasing Lebanese prisoners.

In phase three, which should happen within 90 days of that, Israel is to withdraw from the last two of the five disputed border positions, and money would be secured for Lebanon’s reconstruction.

In phase four, Hezbollah’s remaining heavy weapons are to be dismantled, and Lebanon’s allies will organise a conference to support the country’s economic recovery.

Hezbollah emerged badly weakened from last year’s 14-month war with Israel, during which longtime leader Hassan Nasrallah was assassinated in a huge Israeli strike on Beirut. Before the war, Hezbollah was believed to be better armed than the Lebanese military.

The group has long maintained it needs to keep its arsenal to defend Lebanon from attacks, but critics accused it of using its weapons for political leverage.

Hezbollah has said it refuses to discuss its arsenal until Israel ends its attacks and withdraws troops from southern Lebanon. Aoun and Salam both want to disarm Hezbollah and have also demanded Israel halt its attacks and withdraw from the country.

Just on Monday, Israeli attacks blew up a house in the town of Meiss el-Jabal, a sound bomb went off in the border town of Dahra, and drones could be overheard in the towns of Wadi Zefta, al-Numairiyeh and Wadi Kafra, Lebanon’s National News Agency reported.

Aoun said he wants to increase funding for Lebanon’s military and raise money from international donors for post-war reconstruction. The World Bank estimates that the war caused $11bn in damage and economic losses. The country has also faced a crippling economic crisis since 2019.