Gir Somnath: Fuel transportation from Nayara Energy’s Vadinar refinery in Gujarat has been hit after shipowners halted operations over European Union sanctions linked to the company’s Russian ties. Nayara, backed by Russian oil giant Rosneft, has relied heavily on coastal shipping to move petrol and diesel to high-demand regions along the western and southern coastlines—including Maharashtra, Mangalore, Chennai, Andhra Pradesh, and Odisha. Unlike other refineries, Vadinar is not connected...Read More

Ahmedabad: Nayara Energy, an Indian refinery backed by Russia’s Rosneft, has taken Microsoft Corp to court after the tech giant suspended essential services to the company’s Vadinar refinery in Gujarat, following European Union sanctions targeting Russian energy interests. In a statement issued on Monday, Nayara said Microsoft is blocking its access to its own data, proprietary tools, and software products, despite these being secured through fully paid licences. “This decision, based en...Read More

New Delhi: India on Friday sharply criticised the European Union’s new sanctions against Russia, which for the first time extend to infrastructure located in India, including an oil refinery in Gujarat. The Ministry of External Affairs (MEA) rejected the EU’s move, reiterating that India does not recognise sanctions imposed outside the framework of the United Nations. The EU’s 14th sanctions package, intended to further squeeze Russia’s revenues amid the Ukraine conflict, features stric...Read More