Russian oil finding its way to the West? Indian refiners’ fuel exports to nations sanctioning Moscow jump 43%
Indian refiners, led by Reliance Industries Ltd's Jamnagar refinery, increased fuel exports to nations sanctioning Russia by 43% in September, despite EU bans on Russian oil products. The EU received €667 million in oil products, with €295 million estimated from Russian crude. The EU's ban, effective January 2026, faces scrutiny for loopholes allowing Russian crude to enter global markets.