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Why Did EU Sanction Nayara Energy's Vadinar Refinery in Gujarat? What We Know so Far
INDIA, JUL 19 – India opposes EU sanctions on its Vadinar refinery, citing energy security and rejecting unilateral measures outside the UN framework, with Russian oil accounting for nearly 36% of India's imports.
- On Friday, the Government of India rejected EU sanctions, citing concerns over unilateral measures and emphasizing energy security priorities.
- Highlighting energy dependency, New Delhi argued that the provision of energy security is a responsibility of paramount importance to meet the basic needs of its citizens, Randhir Jaiswal said, emphasizing no double standards in energy trade.
- The new sanctions include lower oil price caps from USD 60 to USD 47.6 per barrel, EU said, and target Nayara Energy’s Vadinar refinery in Gujarat with Rosneft's stake.
- According to India’s energy ministry, the move could severely affect Nayara Energy’s Vadinar Refinery and India’s fuel exports to Europe, as Randhir Jaiswal said, `securing the energy needs of our people is understandably an overriding priority for us.`
- As Indian negotiators hold talks in Washington, with US President Donald Trump threatening 100% tariffs on Russia’s trading partners and NATO chief Mark Rutte warning of secondary sanctions, India resists unilateral measures.
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·India
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New Delhi criticises EU import ban for Russian oil products from third countries such as India. Brussels wants to stop Russia's war financing.
India responds to EU sanctions on Russia including oil refinery in Gujarat
India said it remains full committed to legal obligations as a "responsible actor". The ministry also stressed that "there should be no double standards, especially when it comes to energy trade."
·Dubai, United Arab Emirates
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Total News Sources20
Leaning Left3Leaning Right4Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 38%
13%
R 50%
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