Business

Microsoft Reinstates IT Services to Russia-Backed Indian Oil Refinery Nayara Energy Post EU Sanctions

Microsoft Restores IT Services to Nayara Energy

In a significant development, global IT giant Microsoft has reinstated its IT services to Nayara Energy, an Indian oil refinery with Russian backing. This move comes after Nayara Energy filed a lawsuit against Microsoft for abruptly suspending services following the European Union's fresh sanctions on Russia.

Microsoft restores IT services to Nayara Energy

Why Microsoft Suspended Services
Microsoft's initial suspension of services was a direct response to the EU's new sanctions against Russia and its energy sector, which came into effect on July 18. Nayara Energy, predominantly controlled by Russian entities including oil giant Rosneft, found itself in the crosshairs of these sanctions.

Impact on Nayara Energy

The sanctions have forced Nayara Energy to scale back operations at its refinery, which boasts a daily processing capacity of 400,000 barrels. The company faced additional challenges as vessel operators sought to terminate contracts, citing limited fuel storage facilities.

Legal Resolution
Nayara Energy's legal team successfully argued for the restoration of Microsoft's services, highlighting the critical need for corporate emails and access to essential business information. Microsoft confirmed the reinstatement, emphasizing its commitment to supporting customers worldwide.