Nayara Energy, an Indian refiner part-owned by Russia's Rosneft and newly sanctioned by the European Union, has revised payment terms to sell a spot naphtha cargo in a tender issued on Monday, according to a document seen by Reuters.

Nayara Energy’s Vadinar unit becomes first Indian refinery to face Western sanctions; Govt defends energy trade as vital for citizens.

India reiterated that New Delhi “does not subscribe to any unilateral sanction measures” and calling for an end to double standards in energy trade