Friday, July 17, the European Union (EU) imposed sanctions on the Vadinar refinery of Gujarat jointly owned by Rosneft and a world investment group as part of its 18th package targeting the energy income of Russia, statement Hindustan time.
The package includes the ban on refined oil products made from Russian gross, even if they are exported by third countries. Exceptions include the United States, the United Kingdom, Canada, Norway and Switzerland.
Sanctions also reduce the price of oil price from $ 60 to $ 47.6 per barrel and apply a dynamic mechanism to maintain the aligned ceiling with world oil prices.
“The EU reduces the price ceiling … and introduces an automatic and dynamic mechanism,” said an EU press release.
India has responded strongly, saying that it does not support unilateral sanctions.
“We are a responsible player and remain fully attached to our legal obligations”, ” said MEA spokesperson, Randir Jaiswal.
He added: “We point out that there should not be a double standard, especially with regard to the energy trade.”
The EU’s decision affects the Vadinar refinery of Nayara Energy, which has a capacity of 20 mmt and is the second largest in India.
The block now restricts access to the ports and services of the EU for 105 additional oils which would have linked the fleet of the shadow of Russia.
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