Latest news with #oil trade
Al Arabiya
a day ago
- Business
- Al Arabiya
Iran condemns ‘malicious' US sanctions targeting oil trade
Iran on Thursday described as 'malicious' fresh US sanctions targeting a shipping empire controlled by the son of a top political advisor to Iran's supreme leader. Foreign ministry spokesman Esmaeil Baqaei in a statement called 'the new US sanctions against Iran's oil trade a malicious act aimed at undermining the economic development and welfare of the Iranian people.' Developing
Bloomberg
20-07-2025
- Business
- Bloomberg
EU Sanctions Against India's Nayara ‘Unjustified,' Rosneft Says
Newly imposed European sanctions against India's Nayara Energy refinery are 'unjustified and illegal,' according to Russian oil major Rosneft PJSC that co-owns the facility. The European Union on Friday adopted the 18th package of restrictions targeting Russia and its oil trade in condemnation of the invasion in Ukraine. The measures included sanctions against the Indian crude-processing facility, in which Rosneft holds 49.13%, as the bloc seeks to reduce the Kremlin's energy revenues that have been supported by Russian crude exports to India.
