![]() But a growing amount is funneled to the global market, starting with Southeast Asia, Africa and - increasingly - Europe and the United States. Some of what’s processed at these sites is used domestically. Note: Pipeline paths and refinery boundaries are approximate. That includes the European Union, which has banned direct oil purchases from Russia. In addition to stoking India’s economy, cheap Russian oil has given India a lucrative business refining that crude and exporting the products to other regions that suddenly need fresh energy supplies. This cheaper oil has found new markets - including India, which now purchases nearly two million barrels a day, roughly 45 percent of its imports, according to the International Energy Agency. ![]() ![]() In an effort to hurt Russia but keep global supplies steady, the West also imposed a cap on the price Russia could charge for its oil. ![]() The United States, Europe and other countries have imposed sweeping sanctions on Moscow. India’s purchases have put it strategically between Russia and the Western coalition backing Ukraine, as the world’s economic relationships continue to be rewired in the wake of the war. The ships are signs of a stark wartime phenomenon: Since fighting began, India has rapidly emerged as a primary buyer of Russia’s vast supply of crude oil. ![]()
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