New Delhi, Oct. 16 -- Mumbai-based Nayara Energy Ltd faces fresh sanctions as the UK joined the US and the European Union in implementing measures aimed at cutting revenue flow to Russia over its war against Ukraine.

Britain has chiefly targeted two Russian oil companies, Lukoil and Rosneft, and 44 shadow fleet tankers, to add pressure on Moscow.

Rosneft, a Russian government-backed oil and gas company, owns 49.13% of Nayara Energy, formerly Essar Oil, which is majority-owned by Indian entities. Nayara Energy operates a 20 million-tonne refinery in Vadinar, Gujarat.

In July, the European Union had unveiled sanctions on Nayara in similar measures targeting Russia's ability to raise revenues.

Speaking to reporters during a trip to the U...