Business Standard

In full compliance with the US sanctions on Venezuela, says RIL

Reliance further added that not only has it complied with the US sanctions, but also has done its best to adjust its dealings with Venezuela

Interim Budget 2019: FM has cheap crude oil to thank for his fiscal record
Premium

Shine Jacob New Delhi
Mukesh Ambani-led Reliance Industries (RIL) said on Friday that the company's supplies to Venezuela are in "full compliance" of sanctions slapped by the United States on the South American nation.  

"Reliance Industries Limited (India) denies any suggestion that it ever sidestepped US sanctions in supplying products to Venezuela," the company said in a statement on Friday. This comes after media reports stated that RIL was selling products to Venezuela from India and Europe to sidestep sanctions that bar US-based companies from dealing with Venezuela's state-run oil and gas company PDVSA. 

Reliance added that it has also has done its best to adjust

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in