Source: Reuters
“Top Russian energy companies have approached Indian refiners for more gasoline after Ukrainian strikes knocked out a significant portion of Russia’s refining capacity, two sources familiar with the matter told Reuters on Wednesday. India is the biggest buyer of Russian seaborne crude oil, making Moscow’s bid to secure Indian gasoline an unusual reversal in the countries’ energy trade relationship, highlighting the extent of the disruption caused by the Ukrainian attacks. Moscow is witnessing its worst gasoline crisis. At least one cargo of Indian gasoline has already sailed to Russia and more are expected, with nearly 40% of Russia’s refining capacity unlikely to return for at least two months if there are no further attacks, one of the sources with knowledge of the matter said.” (07/15/26)