Reliance Industries said it will comply with all applicable sanctions and recalibrate its refinery operations after the US imposed fresh restrictions on Russian oil majors Rosneft and Lukoil. The company said it is assessing the impact on its long-term crude supply deals

New Delhi: Reliance Industries Ltd, India’s largest buyer of Russian oil and most impacted by the latest US sanctions, on Friday said it will comply with all applicable restrictions and will adjust its refinery operations to meet compliance requirements.

In a statement, a company spokesperson said Reliance is “currently assessing the implications” of the latest sanctions on two Russian oil giants – one of which has a long-term crude oil supply agreement with Reliance.

“We have noted the recent restrictions announced

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