EU sanctions derail exports: Nayara Energy leans on India demand
Rosneft-backed Nayara Energy has more than doubled its domestic rail shipments of fuel from its Vadinar refinery as European Union sanctions disrupt its export routes and banking transactions. With overseas shipments falling sharply and refinery operations trimmed to around 70% capacity, the company is now banking on India's surging fuel demand and its 6,700-strong retail network to stay on track.