Fuel-Starved Russia Imports Indian Gasoline
Traders have successfully routed at least 60,000 metric tons of gasoline produced by Indian refiner Nayara Energy to Russia, as Moscow scrambles to cover domestic fuel deficits caused by severe Ukrainian attacks on its infrastructure, While Indian Oil Minister Hardeep Singh Puri clarified that state and domestic firms are not directly exporting fuel to Russia, he acknowledged that buyers could be securing Indian-origin refined products through international intermediaries, as per the report. The transaction underscores Nayara's structural dependence on shadow-market trading networks to move its products since European Union sanctions complicated its international payment mechanisms, the report added. The company did not respond immediately to ' request for comments.
Traders have successfully routed at least 60,000 metric tons of gasoline produced by Indian refiner Nayara Energy to Russia, as Moscow scrambles to cover domestic fuel deficits caused by severe Ukrainian attacks on its infrastructure, While Indian Oil Minister Hardeep Singh Puri clarified that state and domestic firms are not directly exporting fuel to Russia, he acknowledged that buyers could be securing Indian-origin refined products through international intermediaries, as per the report.
The transaction underscores Nayara's structural dependence on shadow-market trading networks to move its products since European Union sanctions complicated its international payment mechanisms, the report added.
The company did not respond immediately to ' request for comments.