European Union, India and Russian oil
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The EU’s latest sanctions will force Indian refiners reliant on Russian crude to find new markets, driving up costs for producers and consumers alike.
The European Union's latest effort to restrict Russia's oil revenue is unlikely to hurt Moscow's war effort severely, leaving U.S. President Donald Trump's threat of secondary sanctions one of the few remaining economic levers to pressure the Kremlin.
India rejects EU’s unilateral Russia sanctions naming Vadinar Refinery. MEA stresses energy security and opposes double standards in global energy 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
India said asserted that its energy procurement from Russia is based on national interests and market dynamics.
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,