Russia-backed Indian refiner condemns EU curbs
On Friday, the EU approved its 18th package of sanctions against Russia over its war in Ukraine, which includes sanctions on Nayara Energy, a refinery backed by Russian oil major Rosneft .
'Nayara Energy strongly condemns the European Union's unjust and unilateral decision to impose restrictive measures on our company,' it said in a statement.
Rosneft holds a 49.13% stake in Nayara and a similar stake is owned by a consortium, Kesani Enterprises Co Ltd, led by Italy's Mareterra Group and Russian investment group United Capital Partners.
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