International sanctions
July 2025 – European Union sanctions
Source:
On 18 July 2025, amid its 18th sanctions package targeting Russian oil and energy revenues, the EU designated Nayara Energy's Gujarat-based Vadinar refinery—49.13 % owned by Russia's Rosneft—as subject to sanctions, citing its status as the "biggest Rosneft refinery in India" and its role in refining Russian crude into petroleum products.
These measures include:
"prohibition on importing refined petroleum products made from Russian crude via third countries (effective after a 6‑month transition);"
"asset freezes, travel bans, and restrictions on financial services and shipping/insurance for activities linked to refining or transporting Russian oil — including involvement in the EU "shadow fleet";"
"a lowered EU oil price cap on Russian crude (approx. US$47.6/bbl, effective 3 Sept 2025) with a dynamic mechanism to prevent evasion;"
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Impact and response:
"Nayara is banned from exporting to the EU, and risks losing access to European banking, insurance, and technology services."
"India criticised the move as “unilateral” and accused the EU of “double standards”, citing strategic energy needs."
"The sanctions likely hinder Rosneft’s planned 49 % stake sale and complicate Reliance’s cross-border fuel exports to Europe."
