Russia oil trouble hits: Shipowners and oil traders avoiding Russia-backed Nayara Energy in India; impact after EU sanctions – Times of India

Russia oil trouble hits: Shipowners and oil traders avoiding Russia-backed Nayara Energy in India; impact after EU sanctions – Times of India

Shipbrokers, vessel operators have become hesitant to engage with Nayara this week. (AI image) European Union’s latest round of sanctions on Russian oil have already begun to hit a refinery in India. Oil companies and vessel operators are distancing themselves from India’s Nayara Energy Ltd., following the European Union’s recent sanctions that specifically targeted the…

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No double standards: India slams EU sanctions targeting Gujarat refinery

No double standards: India slams EU sanctions targeting Gujarat refinery

India on Friday strongly criticised the European Union’s latest sanctions package against Russia, which includes measures targeting an Indian-based Rosneft-linked oil refinery in Gujarat. The Ministry of External Affairs (MEA) rejected the EU’s unilateral move, reaffirming that India does not recognise sanctions imposed outside the United Nations framework. The EU’s 14th sanctions package, aimed at…

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