UK sanctions Nayara Energy over Russian oil imports amid tensions.
The UK government has imposed new sanctions on 90 entities, including India’s Nayara Energy Limited, over its significant import of Russian crude oil. These measures aim to reduce Russian oil availability and undermine funding for the war in Ukraine. Nayara Energy, which has previously faced sanctions from the European Union, has condemned the actions, arguing they hinder energy trade and economic growth. This development highlights the complex interplay between geopolitical tensions and global energy markets, affecting Indian companies’ operations and their role in international energy security. As India continues to navigate its energy needs amidst these sanctions, the situation underscores the challenges of balancing economic interests with international political pressures.