EU sanctions News

EU Sanctions Push Russia-Backed Nayara Energy to Seek Indian State-Run Oil Companies for Fuel Exports

Nayara Energy, impacted by EU sanctions on Russia, seeks Indian state-run oil companies to offload petrol and diesel exports. The company remains committed to significant investmen...

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

Microsoft has restored IT services to Russia-backed Indian oil refinery Nayara Energy after a legal dispute arising from EU sanctions. The restoration allows Nayara to resume criti...

Nayara Energy Challenges Microsoft in Court Over Unilateral System Access Blockade

Nayara Energy has filed a lawsuit against Microsoft for blocking its system access, citing corporate overreach and implications for India's energy ecosystem. The dispute arises fro...

Nayara Energy Considers Legal Action Against EU's Unilateral Sanctions on Its Gujarat Refinery

Nayara Energy is exploring legal options against the EU's sanctions on its Gujarat refinery, emphasizing its compliance with Indian laws and its significant contribution to the cou...

Rosneft Condemns EU Sanctions on Nayara Energy as Threat to India's Energy Security

Rosneft criticizes EU sanctions on Nayara Energy as unjustified and illegal, warning of threats to India's energy security. The sanctions could impact India's economy and its petro...

Global Oil Prices Surge Over 1% Following EU's Latest Sanctions Against Russia

Crude oil prices rose over 1% after the EU imposed its 18th sanctions package on Russia, described as one of the strongest to date. Ongoing conflicts between Israel and Syria also ...

European Markets Dip as Investors Eye UK Inflation and EU Sanctions on Russia

European stock markets opened mostly lower as investors digest the UK's inflation report and await Italy's data. The EU's potential sanctions on Russia and market performances are ...

EU Unveils Bold Strategy to Eliminate Russian Gas Dependency by 2027, Amid Rising Imports

The European Commission announces a comprehensive plan to end reliance on Russian energy by 2027, focusing on gas, oil, and nuclear materials to enhance EU security and independenc...

Germany Issues Warning to Meta Over Removal of Fact-Checkers in Europe

Germany warns Meta Platforms Inc. against removing fact-checkers in Europe, highlighting the importance of such practices under the DSA to avoid sanctions. This follows Meta's anno...

Ukraine Refuses to Renew Gas Transit Deal with Russia Amidst Ongoing Conflict

Ukraine's Prime Minister Denys Shmyhal announced the non-renewal of the gas transit deal with Russia, citing Moscow's use of energy exports to fund the 'criminal war'. Shmyhal also...