How Russian oil is still powering Europe’s cars with help of India

Russian oil is still powering Europe — just with the help of India.

Back in December, the European Union barred almost any seaborne crude oil imports from Russia. It extended the prohibition to refined fuels two months later.

However, the rules didn’t prevent countries like India from snapping up cheap Russian crude, turning it into fuels like diesel, and shipping it back to Europe at a markup.