Amid intensifying international scrutiny, Indo-Russian Nayara Energy has reaffirmed its commitment to India’s energy future with a massive Rs 70,000 crore investment in downstream infrastructure, as it strongly criticised the European Union’s latest sanctions, calling them harmful to India’s interests, India Today reported.

In a recent TV interview, US Senator Lindsey Graham made strong remarks about the role of countries like India, China, and Brazil in continuing to buy cheap Russian oil, calling it a major reason for the ongoing war in Ukraine.

The EU’s latest sanctions will force Indian refiners reliant on Russian crude to find new markets, driving up costs for producers and consumers alike.

A BP-chartered tanker is reported to have aborted a loading at the newly sanctioned Nayara Energy refinery in India. The plant at Vadinar, which is 49%-owned by Russian energy giant Rosneft, was blacklisted by the European Union on Friday in a new round of measures against the Russian oil trade.

What exactly is this US sanctions threat on countries that trade with Russia, and how far can it impact India? We explain, in 3 points.

The government on Thursday stressed that it was not “unduly worried” about secondary sanctions. The stand articulated by Union Minister for Petroleum and Natural Gas Hardeep Puri came in the wake of US President Donald Trump’s recent threat that 100% secondary tariffs would be imposed on nations buying oil from Russia,