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Even the headline makes it clear that the issue is not just that India is buying oil from Russia. That is concerning -- that India is importing much more than i
by smt88 4y ago
Even the headline makes it clear that the issue is not just that India is buying oil from Russia. That is concerning -- that India is importing much more than it used to, only because prices are better for them now.
But the actual concern of the article is that there is a suspicious amount of oil leaving India and no way to track the provenance of oil reaching Europe. The suspicion is that India is essentially laundering Russian oil.
From the article:
> "Before the invasion of Ukraine, India’s imports of Russian oil were negligible due to high freight costs. But recently, imports of Russian oil to India have increased. Vadinar’s owner, Nayara, purchased Russian oil in March – just before international restrictions on its exports were introduced – after a gap of a year, buying about 1.8m barrels from Trafigura, Reuters reported."