India buying Cheap Russian Oil, Selling refined fuel to the US & Europe: Report

TL;DR

Yet New Delhi has faced little public blowback because it is meeting the West’s twin goals of crimping Moscow’s energy revenue while preventing an oil supply shock. When Russian crude is processed into fuels in a country outside of the bloc such as India, the refined products can be delivered into the EU because they’re not deemed to be of Russian origin. A US National Security Council spokesperson said a price cap had been put in place that countries including India could leverage to keep energy markets stable, while limiting the Kremlin’s revenue

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