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Western sanctions on Russian oil are a drama, India's exports surge by 43 percent
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News18•18-10-2026, 16:19
Western sanctions on Russian oil are a drama, India's exports surge by 43 percent
- •According to a CREA report, Western countries imposed sanctions on Russian oil but increased their own purchases of fuel made from Russian crude by 43 percent from countries like India.
- •Reliance Industries Limited's Jamnagar refinery in India supplied fuel to major cargo ships arriving at European Union ports in September despite ongoing import bans.
- •Western nations including the EU, the US, Australia, and New Zealand collectively purchased hundreds of millions of euros worth of oil products derived from Russian crude.
- •India's overall imports of Russian crude oil declined by 13 percent in September, marking the second consecutive monthly drop, yet India remained the world's second-largest buyer of Russian fossil fuels.
Key Questions Answered
Refineries in India and two other countries increased their oil product exports to Western countries by 43 percent in September, shipping about 1 billion euros worth of oil made from Russian crude.
In September, Reliance Industries Limited's Jamnagar refinery in Gujarat supplied fuel to six out of seven cargo ships that arrived at European Union ports.
India's imports of Russian crude oil declined by 13 percent in September, marking the second consecutive monthly drop and reaching the lowest level since April.
