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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: Oneindia - Published
News video: India LASHES OUT As EU Targets Gujarat Refinery Over Russian Oil Ties, Sanctions Spark Firestorm

India LASHES OUT As EU Targets Gujarat Refinery Over Russian Oil Ties, Sanctions Spark Firestorm 03:03

 India has slammed the European Union's latest round of sanctions that target Nayara Energy’s Gujarat-based Vadinar refinery for its links to Russian oil giant Rosneft. As part of its 14th package of sanctions, the EU blacklisted 105 additional vessels and took aim at Nayara — the first Indian...

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