India sells refined goods to Europe. They buy crude oil from Russia because Russia has no market to sell it to, and have to sell it at a discounted price. If Ru

India sells refined goods to Europe. They buy crude oil from Russia because Russia has no market to sell it to, and have to sell it at a discounted price. If Russia puts any sanctions on where India can sell their refined goods they'll just buy crude oil elsewhere. Europe isn't the only market, and Russia isn't the only producer of crude oil. India is just making a premium buy using Russian crude oil. The biggest loss for Russia isn't the loss of crude oil sales, it's the loss of sale on refined goods. They were a massive supplier of things like diesel to Europe.