NEW DELHI — In an unprecedented move, the European Union has imposed sanctions on an Indian oil refinery, targeting Nayara Energy’s Vadinar facility in Gujarat over its Russian ownership links. The refinery is partially owned by Russian state-run oil major Rosneft, which holds a 49.1% stake.

US President Donald Trump's close aid has called for imposition of tariffs as high as 500 per cent on any country that helps Russia.

The three countries will have to choose between the American economy and helping Russian President Vladimir Putin, Lindsey Graham said.

What exactly is this US sanctions threat on countries that trade with Russia, and how far can it impact India? We explain, in 3 points.

New EU sanctions on Russian oil pose challenges for Indian giants Nayara Energy and Reliance Industries, potentially restricting their access to Europ

India said asserted that its energy procurement from Russia is based on national interests and market dynamics.