Russia-backed private refiner Nayara Energy, which was sanctioned by the European Union last month, has sought help from India's shipping ministry to get vessels for the movement of its refined fuels,

Nayara Energy, one of India’s largest private oil refiners, is facing major disruptions after being added to the European Union’s latest round of sanctions. The company, which operates a massive refinery in Gujarat and supplies fuel across the country,

Despite EU sanctions imposed in July, Russian-linked Nayara Energy has exported its first gasoline shipment, with the vessel Tempest Dream carrying 43,000 metric tons to Oman. Another sanctioned vessel,

Russia-backed Indian refiner Nayara Energy has exported its first gasoline cargo since the privately-owned company was sanctioned by the European Union on July 18, according to four shipping sources and LSEG data.

Russiabacked private refiner Nayara Energy, which was sanctioned by the European Union last month, has sought help from India's shipping ministry to get vessels for the movement of its refined fuels,

Russia-backed Indian refiner Nayara Energy has exported its first gasoline cargo since the privately-owned company was sanctioned by the European Union on July 18, according to four shipping sources and LSEG data.

Mumbai-based oil refiner Nayara Energy Ltd., part-owned by Russian energy giant Rosneft PJSC, has asked government officials to broker a relationship with a domestic lender such as UCO Bank Ltd. after EU sanctions prompted greater caution among larger banks,

Nayara Energy seeks a partnership with a local lender after EU sanctions affected its banking options. The company aims to finance crude imports and process payments for refined fuel exports amidst challenges from US tariffs on trade with Russia.