Russia Rosneft slams EU sanctions on India's Nayara refinery
MOSCOW, July 20 (Reuters) - Rosneft ROSN.MM, Russia's biggest oil producer, on Sunday slammed European Union sanctions on India's Nayara Energy refinery as unjustified and illegal, saying the restrictions directly threatened India's energy security.
The Russian oil giant accused the EU of ignoring international law and third-country sovereignty, calling the move part of a broader effort to destabilize global energy markets and engage in unfair competition.
"The Nayara Energy refinery is a strategically important asset for the Indian energy industry, providing a stable supply of petroleum products to the country's domestic market. The imposition of sanctions against the refinery directly threatens India's energy security and will have a negative impact on its economy," Rosneft said.
Rosneft said it is not a controlling shareholder in Nayara, holding under 50%, with the refinery managed by an independent board.
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