Archive · 20 Jul 2025
EU Sanctions Threaten India's Refined Fuel Exports
Imagine Europe is stopping the import of fuel made from oil that came from Russia, even if the fuel was made somewhere else.
This is like saying 'no' to products made with a specific ingredient.
India has been making fuel from Russian oil and selling it to Europe.
Because of this new rule, India might not be able to sell as much fuel to Europe anymore, which could cost them a lot of money.
This is because Europe is trying to limit how much money Russia gets from selling oil.
EU sanctions on Russian oil could impact India's refined fuel exports.
The EU is banning imports of refined petroleum products made from Russian crude, even if processed elsewhere.
India's petroleum product exports to the EU were $15 billion in FY25.
India imported $50.3 billion worth of Russian crude oil in FY25.
The GTRI warns that India's $5 billion in exports to the EU are at risk.
- Who
- The EU, India, and the Global Trade Research Initiative (GTRI).
- What
- The EU is banning imports of refined petroleum products made from Russian crude oil, even if processed in other countries.
- When
- The new sanctions were introduced in the 18th sanctions package.
- Where
- The EU.
- Why
- To curb Russian oil revenues.
- EU Sanctions Package
- 18th
- EU Member States
- 27
- India's Fuel Exports to EU (FY25)
- $15 billion
- India's Russian Crude Oil Imports (FY25)
- $50.3 billion
- Risk to India's Exports
- $5 billion