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Indian Firms Cut Ties with Sanctioned Nayara Energy

7/31/2025

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Summary

Story summary

Two Indian shipping companies, Seven Islands Shipping and GESCO, are seeking to end their contracts with Nayara Energy, citing risks from sanctions tied to its Russian ownership. As Nayara grapples with production cuts and operational hurdles due to EU sanctions, India continues to boost Russian oil imports, defying Western calls to distance itself from Russia amid the ongoing Ukraine conflict.

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Story summary

Two Indian shipping companies, Seven Islands Shipping and GESCO, are seeking to end their contracts with Nayara Energy, citing risks from sanctions tied to its Russian ownership. As Nayara grapples with production cuts and operational hurdles due to EU sanctions, India continues to boost Russian oil imports, defying Western calls to distance itself from Russia amid the ongoing Ukraine conflict.