Symbol of India-Russia ties takes a hard hit! How Russia-backed...

Symbol of India-Russia ties takes a hard hit! How Russia-backed Indian refinery Nayara Energy is navigating a perfect storm - big hurdles challenge growth

Posté

Nayara Energy, formerly Essar Oil, faces significant challenges due to sanctions following EU's sanctions on Russian ooil. These sanctions impact exports, shipping, and finances. While shifting focus to the domestic market offers some relief, it affects profitability.

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