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EU Sanctions on Gujarat Refinery with Russia Link
The New Indian Express Kozhikode
|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
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MÁS HISTORIAS DE The New Indian Express Kozhikode
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The New Indian Express Kozhikode
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