Industry sources said that while state-run refiners are reviewing compliance risks, they are unlikely to immediately stop Russian crude imports as they procure almost all their Russian oil from traders, primarily European, who are not targeted by the sanctions

US sanctions imposed on two of Russia’s largest oil companies are expected to affect Reliance Industries’ direct crude imports from Russia , while public sector refiners in India are likely to continue purchasing Russian oil through intermediary traders for now, news agency PTI reported.

Industry sources said that while state-run refiners are reviewing compliance risks, they are unlikely to immediately stop Russian crude imports as they procure almost all their Russian oil from traders, primarily European, who are not targeted

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