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Sanctions on Rosneft's India refinery
Financial Express Hyderabad
|July 19, 2025
NAYARA operates a 400,000-barrel-per-day refinery and owns nearly 7,000 fuel outlets across India.
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It is also developing an integrated petrochemicals plant next to its refinery. Reliance Jamnagar, the world's largest refining complex, is within a few kilometers of Nayara's Vadinar unit.
"For the first time, we're designating a flag registry and the biggest Rosneft refinery in India," EU foreign policy chief and vice president of the European Commission Kaja Kallas said in a post on X.
She added, "Nord Stream pipelines will be banned. A lower oil price cap. We are putting more pressure on Russia's military industry, Chinese banks that enable sanctions evasion, and blocking tech exports used in drones."
Kallas said, "We are standing firm. The EU just approved one of its strongest sanctions packages against Russia to date."
This story is from the July 19, 2025 edition of Financial Express Hyderabad.
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