India's export of fuels like diesel to the European Union jumped 58 per cent in the first three quarters of 2024, with a bulk of them likely coming from refining discounted Russian oil, according to a monthly tracker report.
The EU/G7 countries in December 2022 introduced a price cap and an embargo on the imports of Russian crude oil in a bid to cripple Kremlin's revenue and create a vacuum in its funding for the invasion of Ukraine.
However, a lack of a policy on refined oil produced from Russian crude meant that countries not imposing sanctions could import large volumes of Russian crude, refine them into oil products and legally export them to the price-cap coalition countries.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Aaj Ki Raat from Stree 2 contributed to its commercial success
Tamannaah made a cameo in this film
Sanjeev Sinha Foundation hosts panel discussion on art and universality
NEW DELHI: The Sanjeev Sinha Foundation organised a captivating panel discussion titled \"A Conversation on Origin and Universality\" on November 23 at the Visual Arts Gallery, India Habitat Centre.
Rajadhiraaj: A divine spectacle!
New Delhi's Jawaharlal Nehru Stadium has been transformed into a mesmerising haven of devotion and grandeur with 'Rajadhiraaj: The musical saga of Lord Krishna', running from November 29 to December 8.
Timothee failed auditions for 'Maze Runner' and 'Divergent'
Oscar-nominee Timothee Chalamet auditioned for big action movies like 'Maze Runner' and 'Divergent' but was rejected as he didn't have the 'right body'.
Sherlyn has never received awards that are 'for sale'
She compared Hindi and South film industry
Ananya blames her father for making her do 'Liger'
In a recent chat, they opened up about their disagreements about her film choices
Manchester United serenaded by fans after 4-0 win against Everton
LONDON: Ruben Amorim has got Manchester United fans smiling again after a 4-0 win against Everton on Sunday.
World Chess C'ship: Gukesh holds Liren with black pieces
The two players signed peace after 46 moves
Spinners propel Pak to emphatic 57-run win over Zimbabwe
FIRST T20
Odisha FC sweep aside Bengaluru FC 4-2 with overwhelming offensive display
BHUBANESWAR: Odisha FC delivered a magnificent performance to sweep aside Bengaluru FC 4-2 in their Indian Super League (ISL) match here on Sunday.
