India Emerges as Key Hub for Russia to Export Oil Despite Western Sanctions
-
Russia produces 9.6 million barrels of crude oil per day, its single most important source of revenue.
-
It sells oil to countries outside the U.S. and EU like China, UAE, Turkey, and India.
-
India's Jamnagar refinery now imports 1/3 of its monthly crude from Russia, despite importing almost none before the Ukraine war.
-
At Jamnagar, Russian crude is blended, refined into products, then shipped legally to U.S. companies.
-
One ship went from Jamnagar through Suez Canal and Atlantic to New York with refined Russian oil products.