Russia oil sanctions: EU moves on crude, oil price cap may hit Reliance, Nayara; enforcing may be difficult, India may still benefit

New EU sanctions on Russian oil pose challenges for Indian giants Nayara Energy and Reliance Industries, potentially restricting their access to European markets. Nayara faces operational difficulties and banking hurdles, while Reliance risks losing its lucrative diesel market. https://ift.tt/Twn8gUx