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
The road to prosperous cities
Cities Rethought is a masterful treatise presenting a three-step framework for redesigning cities through inclusivity, digital innovation, and collective collaboration—offering a visionary yet pragmatic approach to addressing urban crises globally
At least 16 feared dead after stampede-like situation at New Delhi Railway Station
VAISHNAW SAYS SITUATION UNDER CONTROL
Unforced error? Sinner let off with three-month ban
RETURN DAYS BEFORE FRENCH OPEN
Second US deportation flight lands in Amritsar with 116 Indian immigrants
Third plane carrying 157 deportees expected to arrive today
Jaishankar tells West to practice what they preach
External Affairs Minister S Jaishankar has flagged the \"double standards\" of the West over its view on global democracy, pointing out Western leaders treated democracy as a \"Western characteristic\". He urged them to embrace the successful models of non-Western countries.
AAP Faces Setback as 3 Councillors Defect to BJP
BJP Gains Ground Before Mayoral Election
A Wonderland of Dualities
Japan seamlessly blends ancient tradition with innovation, offering travellers a diverse journey—from Tokyo's neon skyline to Kyoto's serene temples, Osaka's culinary delights, and Hokkaido's breathtaking landscapes—creating an unforgettable experience; writes Monjit P.
Vanishing Voices
The rise of Hindutva and its promotion of Hindi as India's dominant language, rooted in British-era linguistics, has fuelled political tensions and endangered North Indian regional languages and scripts post-independence
Govt to set up deregulation commission to further reduce state's role in governance: PM
Prime Minister Narendra Modi announced on Saturday that the government will establish a deregulation commission to minimise state intervention across all governance spheres, marking another significant step toward economic liberalisation.
Madhya Pradesh: LoP Singhar alleges corruption against Minister Rajput
Plans to meet PM Modi to apprise him
