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

In a statement, the company said, “We have noted the recent restrictions announced by the European Union, the 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.” Advertisement

The company added that it will fully comply with the EU’s guidelines governing refined product exports to Europe. “Whenever there is any guidance from the Indian Government in this respect, as always, we will

See Full Page