"India imported Russian crude worth EUR 3.04 billion to create these products for sanctioning countries," CREA said.The USA imported EUR 1.2 billion of oil products from India, which were estimated as being refined from Russian crude. "India imported EUR 733 million of Russian crude to create these products for the USA. "EUR 8.5 billion (USD 9.18 billion) of price cap coalition countries' imports of oil products between December 1, 2022 and December, 2023 were made from Russian crude. EUR 807 million of Russian crude was used to make these products for the USA, it said, adding price cap coalition countries imported EUR 2.4 billion of diesel derived from Russian crude. "Over one-third of sanctioning countries' imports of oil products from the eight major refineries identified as using Russian crude, consisted of diesel, worth EUR 7.4 billion.

Source: Economic Times February 21, 2024 16:51 UTC