Reliance Industries imports 34% oil from Russia and is likely to feel some pressure due to the sanctions. (Image: RIL website) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Reliance Industries Ltd., India's top private refiner, expressed confidence about its "crude sourcing strategy" amid the cloud over Russian oil imports due to the sanctions announced this week by the United States.

"Reliance is confident that 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," a spokesperson of the company said on Friday.

The statement comes two days after the US announced sanctions on Rosneft and Lukoil, two of Russia’s largest oil pr

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