Symbol of India-Russia ties takes a hard hit! How Russia-backed Indian refinery Nayara Energy is navigating a perfect storm - big hurdles challenge growth
Sunday, 10 August 2025 () Nayara Energy, formerly Essar Oil, faces significant challenges due to sanctions following EU's sanctions on Russian ooil. These sanctions impact exports, shipping, and finances. While shifting focus to the domestic market offers some relief, it affects profitability.
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..
Sunday, 10 August 2025 ()
![India LASHES OUT As EU Targets Gujarat Refinery Over Russian Oil Ties, Sanctions Spark Firestorm [Video]](https://video.newsserve.net/300/v/20250719/1417014270-India-LASHES-OUT-As-EU-Targets-Gujarat-Refinery.jpg)
