Indian Refiner Part-Owned by Russia's Rosneft Claws Its Way Back After Sanctions
Nayara Energy Ltd., an Indian refiner partially owned by Russia's Rosneft, has managed to regain its footing after facing a crisis due to sanctions. The sanctions, imposed in the wake of the Russia-Ukraine conflict, disrupted the company's trade and led to the departure of its European executives. Despite the challenges, Nayara Energy has been able to recover its operations and sales, thanks to government support and the implementation of workarounds. The company has found ways to navigate the sanctions and continue its operations, demonstrating its resilience in the face of a complex geopolitical environment. The article highlights the company's ability to adapt and overcome the obstacles posed by the sanctions, showcasing the adaptability and determination of the Indian refiner in maintaining its business operations during a period of heightened global tensions.
Source: For the complete article, please visit the original source link below.
