Russia-linked refinery in India, Nayara Energy, seeks early payment after EU sanctions

Wait 5 sec.

Following EU sanctions on Rosneft-part-owned Nayara Energy, the Indian refinery has tightened its sales conditions, now requiring advance payments or letters of credit for naphtha shipments. This shift highlights the wider impact of escalating restrictions against Russia-linked energy as India becomes a key destination for Russian crude, while the EU previously remained a market for products made from that crude.