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European Union, India and Russian oil

India's Nayara tweaks payment terms for product export tender after EU sanctions

Nayara Energy, an Indian refiner part-owned by Russia's Rosneft and newly sanctioned by the European Union, has revised payment terms to sell a spot naphtha cargo in a tender issued on Monday, according to a document seen by Reuters.

Business Recorder · 50m

Russia-backed Indian refiner condemns EU curbs

Outlook Business · 14h

Refined and Restricted: How India’s $15Bn Oil Exports Caught in EU’s Sanctions Net

· 17h

Oil prices edge down on expected minimal sanctions impact

Oil prices dipped slightly on Monday, with the latest European sanctions on Russian oil expected to have minimal impact on supplies while U.S. tariffs ensure demand concerns remain.

E&E · 15h

EU lowers Russia oil cap and imposes new sanctions after Fico drops veto

· 1d

Oil prices little changed as investors eye impact of new sanctions on Russia

IndiaWest2h

EU Places Sanctions On Russia Linked Gujarat Refinery

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.

US plans sanctions on Russia’s trade partners: The full picture for India, explained in 3 points

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.