Both Nayara Energy and Reliance Industries Limited (RIL) are likely to face challenges from the fresh sanctions imposed by the European Union on Russia oil.The EU introduced its 18th sanctions package on Friday,

EU sanctions aim to weaken Russia’s war economy with oil price caps, ship bans, and finance curbs—without disrupting global supply, says EU envoy to India.

India has found itself at the centre of a growing geopolitical clash, as fresh EU sanctions targeting a Russian-linked refinery in Gujarat spark concerns over energy autonomy and rising global pressure.

Amidst Trump's threat of secondary tariffs on countries trading with Russia, will India's crude oil supply face uncertainty? Russia has become India's

U.S. President Donald Trump threatened to hit buyers of Russian exports with sanctions unless Russia agrees a peace deal over the conflict in Ukraine, potentially complicating Moscow's oil sales to China,

The EU Envoy’s remarks came after India responded to the new measures, reiterating that it does not recognise unilateral sanctions and stressing the need to avoid double standards in global energy trade.

US President Donald Trump is trying again to end the war in Ukraine – not by targeting Russia, but by hitting the countries that buy Russia’s oil.

With Russian oil banned in the United States and Europe now proposing an embargo of its own, India can buy the crude at substantial discounts, powering its energy-thirsty economy at a lower cost.