This is going to change in six months when the latest sanctions kick in. Things are going to change for Nayara Energy, a large Indian refiner, in which Russia’s Rosneft has a sizable stake. Nayara Energy was named specifically among entities to be ...

Nayara Energy has criticized the EU's sanctions on its Vadinar refinery, calling them baseless and a violation of international law. The company plans to invest over ₹70,000 crore in India, emphasizing its commitment to energy security and compliance with local regulations.

NEW DELHI — In an unprecedented move, the European Union has imposed sanctions on an Indian oil refinery, targeting Nayara Energy’s Vadinar facility in Gujarat over its Russian ownership links. The refinery is partially owned by Russian state-run oil major Rosneft, which holds a 49.1% stake.

What exactly is this US sanctions threat on countries that trade with Russia, and how far can it impact India? We explain, in 3 points.