Tanker

Analyst: Refinery at the center of Hafnia case has remarkably close ties to Russia

It cannot be ruled out that Nayara Energy’s profits are helping to finance the war in Ukraine, according to a Harvard researcher.
The Indian refinary Nayara Energy has closer than average ties to Russia and profits might potentially end up funding the war in Ukraine, according to center associate at the Davis Center, Craig Kenney. The refinary pictures is in the same city as Nayara Energy, but not the actual refinary. (ARKIV / ILLUSTRATION) | Photo: Amit Dave/Reuters/Ritzau Scanpix
The Indian refinary Nayara Energy has closer than average ties to Russia and profits might potentially end up funding the war in Ukraine, according to center associate at the Davis Center, Craig Kenney. The refinary pictures is in the same city as Nayara Energy, but not the actual refinary. (ARKIV / ILLUSTRATION) | Photo: Amit Dave/Reuters/Ritzau Scanpix
by PETER THOMSEN, METTE GRUBE CONDRUP

While the trade of Russian oil through India is legal, Nayara Energy – which is part of an investigation of Hafnia’s adherence to EU-sanctions – is a special case with stronger than average ties to Russia. 

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs