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,

Nayara Energy faces severe fuel supply disruptions as shipowners halt operations due to EU sanctions linked to its Russian ownership. This forces the

Sanctions-hit Nayara is struggling to get vessels for the supply of refined fuels for its retail stations in India. The private refiner has already cut crude runs at its refinery. Since the EU sanctions, Nayara faced shippers asking for termination of contracts, and Microsoft briefly suspended critical services.

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.

Nayara Energy has asked the Indian government for help with fuel shipping and payments after EU sanctions disrupted its operations and made it hard to find vessels and banking support

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.

The company is seeking a local bank to finance and wire payments for crude oil imports and to assist it in receiving payments for refined fuel product exports.

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,