<p>"CARE Ratings has placed the long-term ratings of Nayara on 'credit watch with negative implications' on account of the Russian invasion of Ukraine and the resultant economic sanctions being placed on Russia and certain Russian entities and persons," the statement said.<br/></p>

See the 'credit watch with negative implications' on account of the Russian invasion of Ukraine and the resultant economic sanctions being placed.

Rosneft-backed Nayara Energy put under credit watch: CARE Ratings

"CARE Ratings has placed the long-term ratings of Nayara on 'credit watch with negative implications' on account of the Russian invasion of Ukraine and the resultant economic sanctions being placed on Russia and certain Russian entities and persons," the statement said.