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.
