Microsoft Reinstates Services to Sanctioned Indian Refiner

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Microsoft has restored its services to Indian refiner Nayara Energy, which was hit by EU sanctions earlier this month due to Russia’s oil giant Rosneft owing a large stake in the Indian company.  Two weeks ago, the EU adopted the 18th sanctions package against Russia, targeting a hundred more ‘shadow fleet’ tankers, energy trade, and traders and banks enabling it.      In a first move against customers of Russian oil, the EU sanctioned Russian and international companies managing shadow…