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BUSINESS
From crude exporter to fuel importer: How Russia turned to India amid Ukrainian attacks on its refineries
Russia, one of the world's major crude exporters, has turned to gasoline imports after Ukrainian drone attacks disrupted its refineries. India has emerged as a key supplier, shipping nearly 1 million barrels of gasoline to Russia over the past two months.
GlobeSignal-AImedium certainty
- Why it matters
- Disrupted refining capacity is forcing Russia to compete for fuel on global markets rather than processing its own crude, raising its costs and dependence on alternative suppliers during sanctions pressure.
- Most affected
- Russian consumers and industry — Face potential fuel price rises as Russia shifts from domestic refining to imported supply.
- Likely next
- Whether Ukrainian strikes continue against Russian refining infrastructure and how much Russia's fuel imports expand in coming months.
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