EU Envoy To India Clarifies Sanctions On Russia, Says No Disruption To Global Supply, Purchases

The European Union’s latest sanctions on Russia, clarified by Herve Delphin, the EU Ambassador to India, focus on limiting Russia’s war economy by targeting its oil, energy, banking, and defence sectors, while taking steps to avoid disrupting the global oil market and supply chains.The 18th package lowers the price cap on Russian oil exports from $60 to $47.6 per barrel, aiming to reduce Russia’s

July 19, 2025
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India Does Not Subscribe To Any Unilateral Measures, Government Says On EU Sanctions

India has firmly rejected the European Union’s latest package of unilateral sanctions against Russia, emphasizing that it does not recognize such measures imposed outside the United Nations framework. The new EU sanctions, which mark the bloc’s 18th package in response to Russia’s war in Ukraine, specifically target the Vadinar refinery in Gujarat—operated by Nayara Energy and co-owned by

July 19, 2025
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EU Imposes New Sanctions Targeting Indian Refinery Over Russian Oil Trade

In a significant move to intensify economic pressure on Russia amid the ongoing Ukraine conflict, the European Union has introduced a fresh round of sanctions that, for the first time, directly affect an Indian entity.On July 18, 2025, the EU announced additional restrictions targeting Nayara Energy Ltd, a major refinery in India linked to Rosneft, the Russian energy giant.“For the first time,

July 19, 2025
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