Current Affairs · International Relations & Sanctions
In July 2025, the European Union introduced new sanctions related to Russia. Concerning these restrictions, which of the following statements is/are incorrect? 1. The EU sanctioned the Indian refinery Nayara Energy Ltd, located in Vadinar, Gujarat, which is partly owned by the Russian state-owned company Rosneft. 2. The newly announced sanctions introduce a price cap on Russian oil that is set 15% above the average global oil price. 3. India's export of petroleum products to Europe fell from USD 19.2 billion in 2023-24 to USD 15 billion in 2024-25 due to lower oil prices.
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