India's Reliance Industries has received approval from the United States to resume importing oil from Venezuela despite Washington's sanctions, a source familiar with the matter said on Wednesday.

Reliance Industries Ltd. has secured US approval to resume importing oil from Venezuela despite White House sanctions on the country, according to people familiar with the development. Most Read from BloombergWhat Initial Polling Data Show About the Trump-Harris MatchupA Six-Second Decision Shows How Harris Snapped Up DelegatesTrump Floated Jamie Dimon for Treasury Secretary,

Before U.S. oil sanctions were first imposed on Venezuela in 2019, Reliance was the second-largest individual buyer of Venezuelan crude after China's CNPC. Reliance had re-submitt

India's Reliance Industries has received approval from the United States to resume importing oil from Venezuela, Bloomberg News reported on Wednesday, citing people aware of the development.