#New Delhi

HPCL-Mittal Energy Ltd (HMEL) 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 JV between state-run HPCL and steel tycoon Lakshmi Mittal’s Mittal Energy Investments, said it will comply with government policy and applicable laws. HMEL is the first Indian firm to announce suspension of purchase of Russian crude after the US sanctioned two of Moscow’s biggest oil firms. PTI

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