EU

India Sends Diesel to China for First Time Since 2021 Amid EU Sanctions on Nayara

India Sends Diesel to China for First Time Since 2021 Amid EU Sanctions on Nayara

Russia-backed Nayara energy, an Indian refinery faces European sanctions for its Crude procurement from Russia. To control damage, it is sending shipments to China, for the first time since 2021. Nayara energy, which has Russian connections, faces EU sanctions. Amid this development, Nayara exports a shipment of Indian diesel to China. This marks the first such delivery since 2021. It adds to the revival of the two Asian countries' relations amidst their increasing closeness and US tariff tensions. EM Zenith Originally Departed for Malaysia EM zenith was originally destined to head towards Malaysia. It left the nation's border just prior to…
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EU Sanctions Russia-backed Gujarat refinery, India Criticises the Action

EU Sanctions Russia-backed Gujarat refinery, India Criticises the Action

On Friday, July 18, 2025, the European Union (EU) announced fresh sanctions. These sanctions include the Gujarat refinery owned by Nayara Energy Ltd. This is an action targeting Russia’s energy sector.  This comes at a time when the US is also debating further sanctions on purchasers of Russian crude oil. India, China and Brazil could face penalties in such a situation. Oil Price Cap Tightens The new EU sanctions also include a lowering of the oil price cap. This specifies the highest price countries can pay for Russian oil. This is while using shipping and insurance from the advanced economies…
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