{"id":12671,"date":"2024-12-10T09:50:36","date_gmt":"2024-12-10T09:50:36","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=12671"},"modified":"2024-12-10T09:50:36","modified_gmt":"2024-12-10T09:50:36","slug":"the-eu-continues-to-fuel-the-russian-economy-by-increasing-fuel-purchases-from-russian-oil-in-india","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/12671\/","title":{"rendered":"The EU continues to fuel the Russian economy by increasing fuel purchases from Russian oil in India."},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0According<\/span> to a report by the Center for the Study of Democracy (CSD), from January to August 2024 the EU bought almost 20% more fuel from three major Indian refineries that use Russian oil than last year. This is despite the EU\u2019s attempts to impose a price cap of $60 per barrel and ban direct imports of Russian crude into the bloc.<\/p>\n

The loopholes in the oil ban were deliberately left open, as the G7 feared a sharp rise in energy prices. India has successfully exploited these loopholes to become the largest buyer of Russian oil, increasing its imports by 13% year-on-year in the first eight months of 2024 to \u20ac27B. Meanwhile, 41.1 million tons (72%) of Russian oil imported into India arrived in shadow tankers with questionable insurance.<\/p>\n

To reduce the Kremlin\u2019s oil and gas revenue, the EU should ban imports of petroleum products from refineries in third countries such as India, Turkey, and the UAE.<\/p>\n

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