The Nayara Energy's fuel supply chain has been severely impacted after shipowners pulled back from lifting products at its Vadinar refinery, citing eu sanctions linked to the company's Russian ownership, reports the Times of India.
Nayara, which relies on marine transport to supply fuel across India's west coast and eastern regions, is struggling to maintain operations. Executives met with shipping ministry officials to request assistance in securing vessels for key demand centers including Maharashtra, Karnataka, Andhra Pradesh, Tamil Nadu, and Odisha.
Indian shipping lines have withdrawn support, and European-based Protection and Indemnity (P&I) clubs are reluctant to insure voyages, compounding the crisis. Nayara typically requires three ships to sustain its supply chain but has managed only one voyage since the sanctions took effect.
The company is now exploring domestic insurance mechanisms for Indian vessels. The Directorate General of Shipping has flagged the issue as politically sensitive and requiring high-level intervention.
The sanctions have triggered leadership changes, with CEO Alessandro Des Dorides and several European board members resigning. Nayara and its part-owner Rosneft have condemned the EU's move as unjust and a threat to India's energy security.
The EU's 18th sanctions package, targeting Russian-linked firms, also threatens Indian exporters like Reliance and Nayara ahead of a 2026 ban on petroleum products derived from Russian crude. Meanwhile, US tariff hikes on Indian goods add further pressure.
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Nayara, which relies on marine transport to supply fuel across India's west coast and eastern regions, is struggling to maintain operations. Executives met with shipping ministry officials to request assistance in securing vessels for key demand centers including Maharashtra, Karnataka, Andhra Pradesh, Tamil Nadu, and Odisha.
Indian shipping lines have withdrawn support, and European-based Protection and Indemnity (P&I) clubs are reluctant to insure voyages, compounding the crisis. Nayara typically requires three ships to sustain its supply chain but has managed only one voyage since the sanctions took effect.
The company is now exploring domestic insurance mechanisms for Indian vessels. The Directorate General of Shipping has flagged the issue as politically sensitive and requiring high-level intervention.
The sanctions have triggered leadership changes, with CEO Alessandro Des Dorides and several European board members resigning. Nayara and its part-owner Rosneft have condemned the EU's move as unjust and a threat to India's energy security.
The EU's 18th sanctions package, targeting Russian-linked firms, also threatens Indian exporters like Reliance and Nayara ahead of a 2026 ban on petroleum products derived from Russian crude. Meanwhile, US tariff hikes on Indian goods add further pressure.
SeaNews Turkey
