(The Center Square) – Indian conglomerate Reliance Industries said Friday it will adjust its refining operations to abide with U.S. and European sanctions on purchases of Russian crude oil.

Reliance, India’s largest oil importer, said in a statement posted on X that it is assessing the impact of restrictions announced in recent days by the European Union, United Kingdom and United States. The company said it will fully comply with applicable regulations while maintaining relationships with suppliers.

Both the United States and the EU ramped up pressure this week on Russian and Indian energy companies.

U.S. Treasury Secretary Scott Bessent on Wednesday announced sanctions targeting Russia’s largest oil companies, Rosneft and Lukoil. “Treasury is sanctioning the two largest oil comp

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