11-July-2026
Economy News
 
Reverse oil flow: India supplies gasoline to Russia - why it matters
11-Jul-2026

Russia is one of the few countries in the world that stands out for being one of the biggest exporters of crude oil and also among the largest refiners. But, four years after Moscow's war with Ukraine began, reports have emerged suggesting that India is now supplying gasoline to Russia. According to a Reuters report, traders have sold gasoline produced by Nayara Energy. Incidentally, Nayara is a Russia-backed refinery in India. The refiner has processed only Russian crude since the EU sanctions imposed in July 2025 and relies oncinternational traders for both crude imports and refined product exports. Last week, Reuters reported that around 60,000 metric tons of gasoline had been dispatched from India to Russia.

News Source:- https://timesofindia.indiatimes.com/business/india-business/reverse-oil-flow-india-supplies-gasoline-to-russia-why-it-matters-crude-oil-imports-ukraine-war/articleshow/132310043.cms