In the 18th package of sanctions The EU has imposed restrictions on the second largest refinery in India, which is the largest supplier of diesel fuel to the European Union. Despite the fact that the sanctions will come into force on January 26 next

Amid intensifying international scrutiny, Indo-Russian Nayara Energy has reaffirmed its commitment to India’s energy future with a massive Rs 70,000 crore investment in downstream infrastructure, as it strongly criticised the European Union’s latest sanctions, calling them harmful to India’s interests, India Today reported.

A BP-chartered tanker is reported to have aborted a loading at the newly sanctioned Nayara Energy refinery in India. The plant at Vadinar, which is 49%-owned by Russian energy giant Rosneft, was blacklisted by the European Union on Friday in a new round of measures against the Russian oil trade.

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.

New EU sanctions on Russian oil pose challenges for Indian giants Nayara Energy and Reliance Industries, potentially restricting their access to Europ

The government on Thursday stressed that it was not “unduly worried” about secondary sanctions. The stand articulated by Union Minister for Petroleum and Natural Gas Hardeep Puri came in the wake of US President Donald Trump’s recent threat that 100% secondary tariffs would be imposed on nations buying oil from Russia,