India spent €2.5 billion on Russian crude in October, remaining the second-largest buyer despite new US sanctions on Rosneft and Lukoil. Russian oil imports rose 11%, with state refineries increasing intake as discounts narrowed and Western buyers further reduced purchases
European Commission President Ursula von der Leyen proposed EU sanctions and partial trade suspension against Israel over the Gaza war. She announced a Palestine donor group for Gaza's reconstruction, condemning famine and civilian suffering amid escalating Israeli military actions
Rosneft owns 49.13 per cent stake in Nayara Energy Ltd, formerly Essar Oil Ltd. EU sanctions means Nayara cannot export fuel such as petrol and diesel to European countries
