Nayara Energy’s Gujarat refinery becomes the first in India to face Western sanctions as the EU tightens restrictions on Russian oil exports, aiming to cut off funding for Moscow’s war efforts. India opposes unilateral sanctions and emphasizes energy security, while the measures could impact Nayara’s operations, exports, and Rosneft’s stake sale plans.
Nayara Energy’s Gujarat refinery becomes the first in India to face Western sanctions as the EU tightens restrictions on Russian oil exports, aiming to cut off funding for Moscow’s war efforts. India opposes unilateral sanctions and emphasizes energy security, while the measures could impact Nayara’s operations, exports, and Rosneft’s stake sale plans. Nayara Energy’s Gujarat refinery becomes the first in India to face Western sanctions as the EU tightens restrictions on Russian oil exports, aiming to cut off funding for Moscow’s war efforts. India opposes unilateral sanctions and emphasizes energy security, while the measures could impact Nayara’s operations, exports, and Rosneft’s stake sale plans.
