MOSCOW, July 20 (Reuters) - Rosneft, Russia's
biggest oil producer, on Sunday slammed European Union sanctions
on India's Nayara Energy refinery as unjustified and illegal,
saying the restrictions directly threatened India's energy
security.
The Russian oil giant accused the EU of ignoring
international law and third-country sovereignty, calling the
move part of a broader effort to destabilize global energy
markets and engage in unfair competition.
"The Nayara Energy refinery is a strategically important
asset for the Indian energy industry, providing a stable supply
of petroleum products to the country's domestic market. The
imposition of sanctions against the refinery directly threatens
India's energy security and will have a negative impact on its
economy," Rosneft said.
Rosneft said it is not a controlling shareholder in Nayara,
holding under 50%, with the refinery managed by an independent
board.