Indian conglomerate Reliance Industries is studying the impact of the newly imposed U.S. sanctions on a unit of Russia’s Rosneft over trade of Venezuelan crude oil, and will make sure that its purchases from Venezuela comply with the U.S. regulations, the Indian firm, which is a major buyer of Venezuelan oil, said on Wednesday. “Reliance will continue its direct communications with the U.S. Government to ensure that Reliance’s purchases of Venezuelan oil after the RTSA sanctions are both compliant with U.S. sanctions and consistent with U.S. policies regarding Venezuelan oil sector,” the Indian company said in a statement, as carried by Reuters. On Tuesday, the United States slapped sanctions on a Geneva-based trading unit of Russian oil giant Rosneft, saying that the company Rosneft Trading has been helping Nicolas Maduro’s regime to evade sanctions and to continue selling oil to keep the regime alive. Earlier this month, the U.S. […]