US EditionIndian Refiner Nayara Adjusts Payment Terms Due To EU Sanctions
INDIA, JUL 21 – The EU sanctions aim to cut Russia's war funding by targeting Nayara Energy, which accounts for 8% of India's refining capacity and 7% of its fuel retail network.
- On July 21, 2025, the EU imposed sanctions on Nayara Energy's refinery in Vadinar, India, halting loading of a diesel cargo onto a BP-chartered tanker.
- The sanctions target Russian-linked energy exports and include Nayara, partly owned by Russia's Rosneft, aiming to restrict Kremlin’s war financing via oil revenues.
- Nayara, operating a 400,000 barrels-per-day refinery with nearly 7,000 fuel outlets, described the EU move as unfair and unilateral while India opposed such sanctions.
- A tender showed Nayara seeking advance payment or letters of credit for spot cargo sales after sanctions impacted exports, while Rosneft called the EU action unjustified and illegal.
- The sanctions could limit India’s fuel exports to Europe, complicate Rosneft’s planned stake sale to Reliance, and threaten India’s energy security and economic interests.
25 Articles
25 Articles
BP Oil Tanker Leaves Indian Port Empty Handed After EU Sanctions Hit Russian-Linked Refinery
An oil tanker chartered by BP has departed the Indian port of Vadinar without loading its planned cargo of diesel fuel, signaling the first visible impact of new EU sanctions targeting Russian-linked energy exports. The vessel Talara was scheduled to load approximately 447,000 barrels of ultra-low sulfur diesel from the Nayara Energy refinery on July 21 for shipment to Africa, according to Reuters on July 22. However, the loading was cancelled a…
Indian refinery requires prepayment after the announcement of European sanctions: EADaily
EADaily, July 22nd, 2025. In the 18th package of sanctions The EU has imposed restrictions on the second largest refinery in India, which is the largest supplier of diesel fuel to the European Union. Despite the fact that the sanctions will come into force on January 26 next year…
Indian Refiner Nayara Adjusts Payment Terms Due To EU Sanctions
Indian refiner Nayara Energy has changed the payment terms to sell a spot naphtha cargo after the EU’s latest sanctions package hit the company in which Russia’s oil giant Rosneft holds 49%, a tender document seen by Reuters showed on Monday. Following Friday’s sanctions, a Nayara tender to sell a spot naphtha cargo Nayara is seeking advance payment or a letter of credit from the potential buyer for loading of the cargo in the middle of August,…
Russia-Linked Refinery Seeks Early Payments After EU Curbs
(Bloomberg) — A Indian refinery part-owned by a Russia’s Rosneft PJSC tightened conditions for selling products after the European Union imposed sanctions on the company, highlighting the fallout for the processor, its customers, and the wider market from the tougher restrictions.
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