
Microsoft Restores Services To Russian Oil Firm Nayara Energy After Court Case
In a statement, the company said it is“committed to supporting all its customers in India and worldwide and has restored services for Nayara Energy”.
“We are engaged in ongoing discussions with the European Union towards service continuity for the organisation,” said a company.
Nayara Energy, which operates fuel retail outlets in India, is primarily owned by Russia's Rosneft, which owns nearly 49 per cent of the company. Trafigura and UCP Investment Group, both foreign companies, jointly own the majority of the remaining stake via an Indian consortium.
Earlier this week, Nayara Energy filed a petition in the Delhi High Court, alleging that the US-based technology firm abruptly and unilaterally suspended essential services without notice.
Nayara sought immediate restoration of services to protect its rights and ensure continued access to important digital systems.
According to Nayara, Microsoft blocked access to the data and services due to sanctions announced by the EU against Russian companies earlier this week, in response to Russia's invasion of Ukraine.
On July 18, the European Union (EU) announced that it had adopted a“package of economic and individual restrictive measures hitting hard on Russia's energy, banking and military sectors, as well as trade with the EU, and ensuring accountability for Russia's continued war of aggression against Ukraine”.
The EU has imposed an import ban on refined petroleum products made from Russian crude oil and originating from any third country, except for Canada, Norway, Switzerland, the United Kingdom, and the United States.
The move, the EU had then said, was aimed at“preventing Russia's crude oil from reaching the EU market through the back door.”

Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research

- Thinkmarkets Adds Synthetic Indices To Its Product Offering
- T-REX Launches Intelligence Layer To Fix Web3's Value Distribution Problem
- BTCC Exchange Maintains 143% Total Reserve Ratio In September 2025 Demonstrating Continued Financial Strength
- Ethereum-Based Defi Crypto Mutuum Finance (MUTM) Raises Over $16 Million With More Than 720M Tokens Sold
- Superiorstar Prosperity Group Russell Hawthorne Highlights New Machine Learning Risk Framework
- R0AR Chain Announces $100,000 Community Rewards For Creators, Yappers, And Brand Evangelists
Comments
No comment