Current Affairs · International Relations
In June/July 2025, the European Union imposed sanctions targeting an Indian refinery as part of its effort to curb Russian revenue from oil exports. Which of the following statements related to this event is/are correct? 1. The EU's sanctions included India's Nayara Energy Ltd refinery in Vadinar, Gujarat, partly owned by Russia's Rosneft, marking the first time the EU sanctioned an Indian energy company. 2. Under the newly introduced package, the EU decided to increase the price cap on Russian oil exports to 15% above market average to stabilize European energy prices. 3. India's petroleum exports 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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