Britain has taken a big decision by further tightening its economic measures against Russia. This time, not only Russia, but some oil companies of India and China have also come under target. The British government has imposed new economic sanctions to stop Russia’s funding of the ongoing war in Ukraine. The most disturbing thing about these sanctions is that it also includes the name of India’s big energy company Nyra Energy, which has been buying huge quantities of crude oil from Russia.

This decision has been taken at a time when the British Prime Minister has recently returned from a tour of India. A few days later, Britain announced these new restrictions. The government says that the purpose of these steps is to weaken Russia’s economic power and to stop its funding for the Ukraine war. British Chancellor Rachel Reeves said that Russia is now gradually exiting the global oil market and Britain will ensure that no country or company can support its oil trade. On the matter, British Chancellor Rachel Reeves said, “We will put pressure on all those companies which are helping Russia.” Whether they are in India or China. There is no place for Russian oil in global markets now.

Reason for ban on Nyara Energy

India’s Nyara Energy is a major private oil refinery company, which purchased oil from Russia at a record level last year. According to reports, in the year 2024, Nyara Energy imported 100 million barrels of Russian crude oil, which was worth about 5 billion dollars (about 41 thousand crore rupees). The British government expressed displeasure that some companies of India and China are strengthening its economy by buying oil from Russia. The government believes that this purchase gives Russia the economic capacity to continue fighting in the Ukraine war, therefore these sanctions imposed on Nyra Energy are part of Britain’s effort to tighten the noose on any economic partner of Russia.

Action against Russian oil companies and tankers also

Britain has imposed sanctions not only on the Indian company but also on two big Russian oil companies and its ‘shadow fleet’. Shadow fleets are ships that transport Russian oil to different countries while avoiding maritime surveillance. According to the government, the number of these ships is about 44 and they carry millions of barrels of oil to global markets every day. Britain says that blacklisting these tankers and companies will make it very difficult for Russia to do international oil trade. These sanctions will affect insurance, payments and port services, which will have a direct impact on Russia’s oil supplies.

Impact on global oil market

This move by Britain has created new uncertainty in the global oil market. If Russia’s supply is restricted, there may be a temporary rise in oil prices. At the same time, Russia can sell oil at a huge discount to retain its old customers, which may also reduce prices in some countries.

UK policy and international response

This step of Britain is being considered a part of a larger geopolitical strategy. The government’s aim is to show that now those doing energy trade with Russia will also have to take responsibility. However, this decision is also raising the possibility of some economic tension between Britain and India, because companies like Nyara Energy play an important role in meeting India’s energy needs. Nevertheless, the British government says that its priority is to weaken Russia’s economic strength and not to spoil relations with other countries.

India will buy American oil

A new chapter is going to open in the trade relations between India and America. Amidst the ongoing trade deal negotiations between the two countries, the Indian government has indicated that it is ready to increase the purchase of American oil and gas. This decision is not only important from the business point of view, but it can also give a new direction to the economic and political cooperation between the two countries.

India’s new policy in oil trade

India has long been trying to strike a balance in its policies regarding energy security. America has been a major energy partner for India. A few years ago, India was importing oil and gas worth about $25 billion from America, but in recent months this figure has come down to $12 to 13 billion.

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The captain of an oil tanker attached to the Russian fleet caught near the Atlantic coast of France will be prosecuted in February, as the crew was allegedly refusing to cooperate in the investigation. This information was given by the French prosecutor on Thursday.

According to Port City Breast prosecutor Stephen Kelenburger, two Chinese crew members and ‘Chief Met’ were released from police custody on Tuesday. However, ‘Chief Met’ was released without any charge.

Kalenburger gave this information

Kalenburger said that preliminary inquiry started on the non -cooperation of the crew after the Atlantic Supects informed the judicial officers. The crew could not even clarify which country the ship belongs to. When the ship’s nationality and real nationality were seen to be disturbed, the French Navy on Saturday climbed the ship as per international law.

The French Navy found that the ship was going from Russia to India and there was no flag of any country on it. There was a large amount of oil consignment in the ship. The captain has been called for a trial in the breast on 23 February. He can be sentenced to a fine of up to a year and a fine of 150,000 euros (about 176,000 US dollars).

Russia and shadow fleet relationship

French President Emmanuel Macron said that the tanker could be part of Russia’s alleged shadow fleet. The ownership of such old tankers is not clear, and they can be used to avoid the restrictions of Western countries due to Ukraine War.

Macron also said that the tanker may be involved in the case associated with drone flights over Denmark, as it was passing through the coast of Denmark last week. He clarified that the investigation is still going on and a clear relationship between the two incidents cannot be told.

According to the sea traffic monitoring website, a ship called tanker ‘Pushpa’ or ‘Borake’ left from the Russian oil terminal near St. Petersburg on 20 September. It passed through the coast of Denmark and currently stayed near the Western port of France, St.-Najyer. The name of the ship has changed several times and it has the flag of West African country Benin. It has been targeted under the anti -Russian restrictions of the European Union.

Russia’s reaction

Dimitri Peskov, spokesman of the Russian President’s Office Kremlin, said that he had no information about the ship. He also said that many countries are taking ‘provocative action’ against Russia.

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Iranian oil shadow fleet: The US has taken a major action on the illegal transport of Iranian oil. Under this, an Indian citizen and four companies living in the United Arab Emirates involved in Iranian oil shipping have been banned. Two of these companies are from India.

The Indian citizen who has taken action on the US is named Jugwinder Singh Brar, whose own shipping companies. They have a large fleet of 30 oil and petroleum tankers, many of which serve as Iran’s shadow fleet i.e. group of tanker ships, which transport Iranian oil to different countries, violating restrictions. The US Department of Treasury gave this information in a statement on Thursday.

Brar makes Iranian oil deal in this way

Brar is the owner of India’s shipping company Global Tankers Private Limited and Petrochemical Sales Company B and P Solutions Private Limited along with taking care of several businesses. The Treasury Department of Foreign Assets Control (OFAC) has nominated Brar, two UAEs and two Indian institutions, which operate the ships of Brar carrying Iranian oil from the National Iranian Oil Company (NIOC) and the Iranian army.

Brar’s ships transfer the Iranian petroleum ship-to-Jhaj (STS) to Iraq, Iran, United Arab Emirates and the water area of ​​Oman’s Gulf. The goods then reaches other smugglers, which mix oil or fuel with other countries products and then manipulate shipping documents to hide relations with Iran. In this way, Iranian oil reaches the international market.

Iran depends on dishonest ships

The Secretary of Treasury Scott Besant said, “Iran depends on his oil network for the sale of its oil and his companies such as dishonest ships and brokers.” The Secretary of Treasury Scott Besant said that the US wants to focus on stopping those who benefit from Iran’s oil exports and its business.

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