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
India dismissed concerns over potential US sanctions on Russian oil imports, with Oil Minister Hardeep Singh Puri saying the country can meet its crude needs from other sources. Russia now supplies 40 per cent of India’s oil, up from just 0.2 per cent in 2022
The price cap was rolled out to equal parts skepticism and hopefulness that the policy would stave off Russian President Vladimir Putin's invasion of Ukraine.
Washington: US President Joe Biden on Tuesday announced the banning of Russian oil, natural gas and coal imports to the US in response to the Russian invasion of Ukraine. “Today I am announcing the United States is targeting the main artery of Russia’s economy. We’re banning all imports of Russian oil and gas and energy,” […]
