Reliance Industries Ltd (RIL), one of India’s largest importers of Russian crude oil, said on Friday that it is assessing the implications of the latest sanctions imposed by the European Union, the United Kingdom and the United States on Russian crude and refined products.

In a statement, RIL said, “We have noted the recent restrictions announced by the European Union, United Kingdom and the United States on crude oil imports from Russia and export of refined products to Europe. Reliance is currently assessing the implications, including the new compliance requirements.”

RIL added that it would “fully comply” with all applicable EU guidelines governing refined product exports to Europe. “Whenever there is any guidance from the Indian Government in this respect, as always, we will be comp

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