Reuters reveals major traders, banks cut ties with Russia-backed Indian refiner

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Reuters was first to report that many global oil traders and banks have stopped dealing with Indian refiner Nayara Energy, a Rosneft affiliate, as they are worried about Western sanctions over Russia’s invasion of Ukraine. Nayara per se has not been sanctioned as part of the international response to what Russia calls its “special military action” against Ukraine but sanctions are in place against Rosneft

The post Reuters reveals major traders, banks cut ties with Russia-backed Indian refiner appeared first on Reuters News Agency.

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