Published 8 months ago • loading... • Updated 8 months ago

Nayara Refinery to Be Hit Hard by EU Sanctions on Russian Oil

Friday saw the EU target Nayara Energy, an Indo-Russian refiner, and the Vadinar facility in Gujarat, as part of its 18th sanctions package.
Pressure on Moscow’s war budget led to the latest sanctions, as energy exports finance Moscow’s efforts.
The Vadinar refinery has a 20 million tonnes capacity, Rosneft owns 49.13%, and it accounts for about 4% of India’s fuel exports to Europe.
The sanctions bar Nayara Energy from exporting petroleum fuels and products to Europe, affecting Vadinar plant's role as a major supplier of diesel and jet fuel to European markets.
Shadow fleet shipments suggest India may benefit as the lowered Russian crude price cap could boost imports, amid ongoing bypass tactics.

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Nayara refinery to be hit hard by EU sanctions on Russian oil

The EU Friday unveiled sanctions on the Rosneft-owned Nayara Energy’s 20 million-tonne refinery in Vadinar, Gujarat, and lowered the price cap on Russian oil by 15% to $47.6 per barrel from $60.

8 months ago·New Delhi, India

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India Today

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No double standards: India slams EU sanctions targeting Gujarat refinery

India condemned the "unilateral sanctions" by the European Union targeting a Rosneft-linked refinery in Gujarat and urged the EU to avoid "double standards" in energy trade.

8 months ago·India

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The Kyiv Independent

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New EU sanctions could block Rosneft's Indian refinery sale plans, Bloomberg reports

The Russian oil giant has been trying to sell its 49.13% stake in India's Nayara refinery, but the EU's latest sanctions package could make such a deal too risky for buyers.

8 months ago·Kyiv, Ukraine

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The Siasat Daily

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defence.in

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India rejects EU sanctions on Russia, cites double standards

New Delhi: Hours after the European Union (EU) agreed upon an 18th round of sanctions on Russia over its invasion of Ukraine, India on Friday said that it does not subscribe to any unilateral sanction measures and that there should be no “double standards”, especially when it comes to energy trade. “We have noted the latest sanctions announced by the European Union. India does not subscribe to any unilateral sanction measures. We are a responsib…

8 months ago

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News18 India

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There should be no double standards: India on EU sanctions

8 months ago·India

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Latestly

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There Should Be No Double Standards: India on EU Sanctions

Get latest articles and stories on India at LatestLY. India does not subscribe to any unilateral sanction measures, the Ministry of External Affairs (MEA) said in response to the European Union announcing fresh punitive measures on Russia, especially on its energy trade. India News | There Should Be No Double Standards: India on EU Sanctions.

8 months ago

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