Article may be outdated

This article is 51 days old. Some details may have changed since publication.

Times of India·3 min read·medium

Why Russia is buying gasoline from India for the first time

T
TOI BUSINESS DESK
Why Russia is buying gasoline from India for the first time
✦AI Summary

Russia has begun importing gasoline from India for the first time to address domestic fuel shortages caused by Ukrainian drone strikes on its refineries. The shipments are being facilitated by Russian-linked tankers and involve ship-to-ship transfers to bypass supply chain disruptions.

Why it matters

This shift highlights the severe impact of the ongoing conflict on Russia's energy infrastructure and its reliance on non-traditional trade partners to maintain domestic fuel stability.

✦Dive DeeperCreate a free account to unlock

Russia has started importing gasoline from India for the first time as repeated Ukrainian attacks on its refineries have deepened fuel shortages in the domestic market. Global energy markets continue to be affected by the twin impact of two major geopolitical conflicts.While Ukraine has intensified its campaign targeting Russian refineries, tensions between the US and Iran have continued in the Middle East. Together, these disruptions have tightened fuel supplies, prompting Russia, traditionally an exporter of refined fuels, to prohibit exports of both gasoline and diesel in order to prioritise domestic demand.In a first, Russia imports gasoline from IndiaAccording to Kpler data quoted in a Bloomberg report, this marks Moscow's first import of gasoline from the South Asian nation.

Continue reading on Headlinne

Create a free account to read the full article.

Read full article →
businessworldeconomy
✦

Get smarter about the news

Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.

Create free account

Already have an account? Sign in