Rosneft says EU sanctions on Indian unit unjustified and unlawful

[ad_1] New Delhi, Jul 20 (PTI) Russian oil big Rosneft on Sunday termed as unjustified and unlawful the sanctions that the EU has slapped on its Indian unit, Nayara Vitality. “Rosneft Oil Firm considers the European Union’s choice to impose restrictive measures on the Indian refinery of Nayara Vitality as unjustified and unlawful,” it stated … Read more

Nayara Power mulls authorized recourse on EU sanctions, reiterates funding dedication

[ad_1] New Delhi: Caught within the crosshairs of Western sanctions, Rosneft-backed Nayara Power has hit again on the European Union’s (EU) transfer to blacklist its Vadinar refinery in Gujarat, calling the motion baseless, unilateral and a breach of worldwide regulation. In an announcement on Monday, the corporate mentioned it’s actively exploring all authorized choices and … Read more

Nayara Vitality names Sergey Denisov as new CEO after Des Dorides resigns amid EU sanctions

[ad_1] (Bloomberg) — Nayara Vitality Ltd., an organization partially owned by Russian big Rosneft PJSC and lately hit by EU sanctions, has appointed a brand new chief government officer following the resignation of Alessandro des Dorides final week, in line with folks acquainted with the event. Sergey Denisov has changed des Dorides, mentioned the folks, … Read more