Decoding Russia’s reliance on Indian petroleum products

Smoke rising from oil infrastructure in the southern Krasnodar region of Russia following a Ukrainian drone strike in April

Smoke rising from oil infrastructure within the southern Krasnodar area of Russia following a Ukrainian drone strike in April

Latest Ukrainian assaults on Russia’s oil refineries has resulted within the latter importing refined petroleum merchandise from India in vital portions for the primary time, a minimum of because the Russia-Ukraine struggle began in February 2022.

As per a number of media studies, together with one by the Press Belief of India, Indian refiners despatched about a million barrels over the past two months, alongside Turkey and Morocco. Russia’s import of petroleum merchandise from India has remained negligible prior to now, accounting for lower than one per cent of India’s petroleum exports. The majority of exports went to international locations just like the Netherlands, Australia and the UAE.

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