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HPCL-Mittal Energy Ltd. has suspended purchases of Russian crude oil, the company said on Tuesday, clarifying that the vessels, which delivered previous consignments, were not under international sanctions.

The private refiner, a joint venture between state-run Hindustan Petroleum Corp and steel tycoon Lakshmi Mittal's Mittal Energy Investments, said it will continue to review its position and comply with government policy and applicable laws.

HMEL, which operates a 9 million tonnes a year oil refinery at Bhatinda in Punjab, is the first Indian firm to officially announce suspension of purchase of Russian crude after the US sanctioned two of Moscow's biggest oil firms.

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