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Russia oil sanctions: EU moves on crude, oil price cap may hit Reliance, Nayara; enforcing may be difficult, India may still benefit

IndiaTimes Saturday, 19 July 2025 ()
New EU sanctions on Russian oil pose challenges for Indian giants Nayara Energy and Reliance Industries, potentially restricting their access to European markets. Nayara faces operational difficulties and banking hurdles, while Reliance risks losing its lucrative diesel market.
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Video Credit: euronews (in English) - Published
News video: EU imposes new sanctions on Russia's oil and banks after Robert Fico lifts his veto

EU imposes new sanctions on Russia's oil and banks after Robert Fico lifts his veto 01:06

 EU imposes new sanctions on Russia's oil and banks after Robert Fico lifts his veto The breakthrough on Friday was made only possible after Slovak Prime Minister Robert Fico agreed to lift his veto. READ MORE :...

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