Refined in India, bound for West: Russian-crude fuel exports to Europe rise 43%

AI Summary

Indian refineries exported more fuel made from Russian crude to Western markets, with reported exports rising 43% as buyers included the EU, Australia, the United States, and New Zealand. Reliance Industries' Jamnagar refinery was among the major exporters, while India's imports of Russian crude fell 13%; the trade continues despite sanctions on Russian oil.

Indian refineries exported Russian crude oil products to Western markets, generating significant revenue in September. The European Union, Australia, the US, and New Zealand imported these refined products, despite existing sanctions. Reliance Industries' Jamnagar refinery was particularly active in these exports, sending significant cargoes to the EU and the US. However, India's own imports of Russian crude oil decreased by 13% during the same period.