UK Expands Russia Oil Sector Sanctions, Sparks India Row
The UK has expanded its sanctions against Russia's oil sector, targeting Indian refiner Nayara Energy and several Russian energy giants. The move has sparked a diplomatic row with India, which rejects the sanctions as unilateral and an example of 'double standards'.
Nayara Energy, an Indian refinery with nearly 50% Russian ownership, has been importing oil exclusively from Russia since August 2023. The company, headquartered on India's west coast, has been importing over 100 million barrels of Russian crude worth $5 billion in 2024, according to the UK.
The UK's sanctions also targeted Russian energy giants Rosneft and Lukoil, along with 44 shadow fleet tankers and four Chinese oil terminals. However, India has rejected the sanctions, asserting that its energy decisions are based on national priorities and consumer interests, not external pressure. India's foreign ministry criticized the UK's move as an example of 'double standards' in global energy trade.
Nayara Energy, operating in full compliance with Indian law, denies the UK's allegations. The UK's sanctions expansion has strained diplomatic relations with India, which maintains its right to make independent energy decisions.
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