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EU Sanctions on Gujarat Refinery with Russia Link
The New Indian Express Coimbatore
|July 19, 2025
In a bid to put economic pressure on Russia, the European Union on Friday unveiled a fresh package of sanctions, including lowering the price cap on Russian crude oil and sanctioning Nayara Energy, an India-based refinery with links to Russian energy giant Rosneft.
Nayara Energy, formerly Essar Oil, operates a 20-million-tonne-per-year refinery in Vadinar, Gujarat, and manages 6,750 petrol pumps across India. Rosneft has a 49.13% stake in the firm. With sanctions, Nayara will no longer be able to export refined products such as petrol and diesel to Eu
This story is from the July 19, 2025 edition of The New Indian Express Coimbatore.
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