UK puts curbs on Indian company Nayara Energy Limited over Russian oil

The UK government on Wednesday announced 90 new sanctions targeting Russia’s oil giants and Indian petroleum company Nayara Energy Limited, which it said had imported billions of dollars’ worth of Russian crude in 2024.

The Foreign, Commonwealth and Development Office (FCDO) said the move would help take Russian oil “off the market” and choke off energy revenues that flow into Putin’s “war chest” in the conflict with Ukraine. Earlier, Nayara Energy had been hit by European Union sanctions, a move it strongly condemned.

India