Russian oil makes backdoor entry into Europe; West seeks India’s ’help’ to fulfill demand

Russian oil is getting a backdoor entry into Europe despite the ban over the Ukraine war. Indian refineries are ’exporting’ to Europe due to access to cheap Russian crude. The record-high import of Russian crude oil has boosted the output and profits of Indian refineries. As per KPLER data, the key European buyers are France, Turkey, Belgium, and the Netherlands. Not only Europe but also the United States benefit from India’s vacuum gas oil (VGO) shipment. In 2022-23, India sent approximately 11,000-12,000 bpd of VGP to the United States, compared to 500 bpd in 2021-22. Watch this video to know more. #india #russianoil #europe #france #belgium #thenetherlands #turkey #discountedrussianoil #indianrefineries #indianoil #energy #crudeoil #us Hindustan Times Videos bring you news, views and explainers about current issues in India and across the globe. We’re always excited to report the news as quickly as possible, use new technological tools to reach you better and tell stories with a 360 degree view to give you a better understanding of the world around you.