EU buys more Russian fuel via India – report ...News

New Delhi has capitalized on a sanctions loophole, according to an energy think tank India’s exports of oil products to the EU soared 58% in the first three quarters of this year, implying a surge in purchases of fuel made from sanctioned Russian crude, according to the Centre for Research on Energy and Clean Air (CREA). India’s leading refineries are increasingly reliant on crude from Russia, and the country was the second largest buyer of Russian fossil fuels in October, the energy think tank wrote in a report on Friday. An estimated 77% of India’s imports from Russia, valued at $2 billion, comprised crude oil,

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