Nayara Energy Seeks New Bank Amid EU Sanctions and US Tariff Threat

Imagine a company, Nayara, that refines oil in India, but has connections to Russia.

Because of this, the EU put sanctions on them, meaning big banks are now wary of doing business with them.

Nayara needs a bank to handle money for oil imports and exports.

They're looking for a smaller Indian bank that isn't as involved in international finance, to avoid problems from these sanctions.

Also, there's a worry that the US might put taxes on the oil they trade with Russia, which could make things even harder for them.