India clears four ships for EU-sanctioned Nayara’s domestic fuel supply; dollar trade restrictions persist

India clears four ships for EU-sanctioned Nayara’s domestic fuel supply; dollar trade restrictions persist

Indian authorities have cleared European Union-sanctioned Nayara Energy to use four foreign-flagged ships for coastal transportation of fuels such as petrol and diesel within the country, but its non-Russian overseas trade remains stalled due to the unavailability of banking channels. The Directorate General of Shipping has approved four foreign-flagged ships being used for the coastal […]

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