EU Sanctions Ripple: Microsoft Versus Nayara Energy in Court
Microsoft ceased services to Nayara Energy after EU sanctions linked to Rosneft, leading the Indian refinery to pursue legal action. Nayara claims Microsoft's actions are unilateral and affect India’s energy security. With a significant market share and domestic focus, Nayara seeks legal redress for service continuation.
- Country:
- India
Microsoft Corporation has halted its services to Russian oil-backed Nayara Energy in response to European Union sanctions, spurring a legal reaction from the Indian refinery at the Delhi High Court.
Nayara Energy's lawsuit against Microsoft stems from the abrupt suspension of essential services which, Nayara insists, violates pre-paid licensing agreements for data and proprietary tools. These developments follow EU sanctions aimed at the conglomerate over Russia's involvement in the Ukraine conflict.
Despite owning significant shares through stakeholders like Rosneft and a Russian consortium, Nayara asserts its operations comply with Indian laws and play a crucial role in the nation's energy sector. The company has petitioned for an interim injunction to restore service, stressing the move's severe implications on India's energy ecosystem.
(With inputs from agencies.)
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