Indian Oil Corporation ( ) confirmed it will maintain imports of Russian crude oil despite fresh US sanctions targeting specific Russian oil companies. The company clarified its position following additional measures from the US last week, which aimed to increase pressure on Moscow by sanctioning entities like Rosneft and Lukoil amid the ongoing Ukraine conflict. These sanctions have led Indian refiners to pause new contracts while they evaluate compliance risks, but IOC’s leadership has underlined that crude purchases will persist if fully compliant with international requirements. Advertisement

Anuj Jain, IOC Director (Finance), made the company's stance clear during a recent post-earnings analyst call. He stated, “We are absolutely not going to discontinue (buying Russian crude) as lo

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