India Protests EU Sanctions on Russia Affecting Gujarat Refinery

The EU has imposed new sanctions targeting Russian oil exports, affecting Nayara Energy’s refinery in Vadinar, Gujarat—India’s first refinery to face such curbs. The EU designated the refinery, majority-owned by Russia’s Rosneft, to limit Moscow’s war funding. India opposed the move, rejecting unilateral sanctions and warning against double standards on energy security. The refinery, vital for exports to Europe and Africa, now faces operational and job risks due to restricted product sales. Rosneft’s plans to sell its stake, possibly to Reliance Industries, are also impacted. The EU also lowered the oil price cap and sanctioned 105 more tankers to tighten controls.