NEW DELHI, Oct 24 (Reuters) - Reliance Industries Ltd

, the top Indian buyer of Russian oil, will abide by

Western sanctions against Moscow while maintaining its

relationship with current oil suppliers, its spokesperson said

in a statement.

Reliance, which is controlled by billionaire Mukesh Ambani

and operates the world's biggest refining complex at Jamnagar in

western Gujarat state, has a long-term deal to buy nearly

500,000 bpd of crude oil from Russian oil major Rosneft

.

The European Union, United Kingdom and the United States

have imposed a raft of sanctions against Russia over its war in

Ukraine, including fresh U.S. sanctions on Thursday targeting

Russia's two top oil producers Lukoil and Rosneft. The

U.S. has given companies until November 21 to wind down their

transactions with the Russian oil producers.

The EU, which has previously said from January 21 it will

not take fuel produced at refineries that received or processed

Russian oil 60 days prior to bill of lading date, adopted a 19th

package of sanctions on Thursday.

"As is customary in the industry, supply contracts evolve to

reflect changing market and regulatory conditions. Reliance will

address these conditions while maintaining the relationships

with its suppliers," the spokesperson said in an emailed

statement, without mentioning its contract with Rosneft.

Reuters on Thursday reported that Reliance plans to stop

importing oil from Rosneft.

The refiner also buys Russian oil through intermediaries.

Reliance has previously said it will comply with the EU's

guidelines on the import of refined products.

The refiner said its diversified crude purchases will help

it navigate European sanctions without specifying if it would

halt purchases of Russian oil for its 1.4 million barrels per

day refining complex in western Gujarat state.

"Reliance is confident that its time-tested, diversified

crude sourcing strategy will continue to ensure stability and

reliability in its refinery operations for meeting the domestic

and export requirements, including to Europe," the spokesperson

said.