Nayara Energy Fights EU Sanctions: Unilateral Measures Condemned

Nayara Energy, backed by Russian oil major Rosneft, condemns EU sanctions included in their latest package against Russia. The company plans to explore legal options to counter these measures, arguing they lack a legal basis. Nayara operates a large refinery in India and continues its growth projects.

Nayara Energy, an Indian refiner supported by Russia, has strongly criticized the European Union's recent sanctions against it, deeming the measures unjust and without legal standing.

The EU's decision to include Nayara Energy in its 18th round of sanctions against Russia as a part of its response to the ongoing conflict in Ukraine has prompted the company to consider legal options.

Nayara, which operates a major refinery in India, maintains its growth plans despite these sanctions and underscores its commitment to protecting its operations and stakeholders' interests.

(With inputs from agencies.)