Russia-backed refiner Nayara looks for Indian bank with ‘less exposure’ to handle oil payments after EU sanctions

Nayara Energy seeks a partnership with a local lender after EU sanctions affected its banking options. The company aims to finance crude imports and process payments for refined fuel exports amidst challenges from US tariffs on trade with Russia.

​Nayara Energy seeks a partnership with a local lender after EU sanctions affected its banking options. The company aims to finance crude imports and process payments for refined fuel exports amidst challenges from US tariffs on trade with Russia.