India’s biggest oil company IOC to comply with sanctions regarding purchases from Russia

Indian Oil Corporation (IOC), India’s biggest oil company, said on Monday that it will comply with all applicable sanctions regarding purchases from Russia. “We will abide by all sanctions imposed by the international community,” said IOC Chairman Arvinder Singh Sahney.

He, however, refused to comment on the IOC’s purchases of Russian oil. Data shows that Russian oil made up 21% of the crude oil IOC imported during April-September.