An Indian oil refinery partially owned by Russia’s Rosneft has revised its payment conditions for crude oil transactions, following the European Union’s latest round of sanctions targeting Russia’s energy sector. Nayara Energy, a private Indian refiner with significant links to Rosneft, has begun requiring prepayment or an irrevocable letter of credit prior to shipment of … Continue reading Indian Refiner Tightens Trade Conditions After Latest EU Sanctions on Russia