{"id":516859,"date":"2022-08-25T11:07:37","date_gmt":"2022-08-25T05:37:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=516859"},"modified":"2022-08-25T13:10:47","modified_gmt":"2022-08-25T07:40:47","slug":"major-traders-banks-cut-business-ties-with-russia-backed-indian-refiner-nayara-energy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/major-traders-banks-cut-business-ties-with-russia-backed-indian-refiner-nayara-energy\/","title":{"rendered":"Major traders, banks cut business ties with Russia-backed Indian refiner Nayara Energy"},"content":{"rendered":"<p>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&#8217;s invasion of Ukraine, two people with knowledge of the matter told Reuters.<\/p>\n<p>Nayara per se has not been sanctioned as part of the international response to what Russia calls its &#8220;special military action&#8221; against Ukraine but sanctions are in place against Rosneft.<\/p>\n<p>The Russian energy giant owns about 49 per cent of Nayara which is India&#8217;s second-largest private refiner, while Kesani Enterprises Co Ltd, a consortium led by Trafigura Group and Russia&#8217;s UCP Investment Group, holds 49.13 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;s invasion of Ukraine, two people with knowledge of the matter told Reuters. Nayara per se has not been sanctioned as part of the international response to what Russia calls its &#8220;special military action&#8221; against Ukraine but sanctions are in place against Rosneft. The Russian energy giant owns about 49 per cent of Nayara which is India&#8217;s second-largest private refiner, while Kesani Enterprises Co Ltd, a consortium led by Trafigura Group and Russia&#8217;s UCP Investment [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-516859","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/516859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=516859"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/516859\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=516859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=516859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=516859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}