Post
Topic
Board Economics
Re: LMAO: India resells Russian oil to the European Union.
by
Sithara007
on 17/06/2022, 01:58:10 UTC
India has minimal oil reserves of it's own, it's either dependent upon the gulf to buy oil or on Russia to buy oil for its own consumption only, if it is selling the oil it has for it's own consumption to EU then obviously this is either Gulf's oil or Russia's oil. So there is a very good chance that The oil we are sending to EU is from Russia Only. This shows how sanctions are just scam and you actually are in dire need of Few resources.

Exactly. All the focus has been on India, who are being accused of re-exporting Russian oil. But hardly anyone asks why the Europeans are ready to import refined products sourced from this oil. And there doesn't exist sufficient proof to claim that India is re-exporting large quantities of Russian product. India imports around 5 million barrels of crude oil per day and Russia provides 20% of that volume. The remainder comes from other countries such as Iraq and Saudi Arabia. The diesel and naphtha that India exports to the EU maybe sourced from the Iraqi or Saudi oil.