India 'Cashes In' On Russia's Oil 'Crisis': How Ukraine's Drone Strikes Are 'Helping' | Explained

724 views | Sep 16, 2025, 02:44:22 AM | TOI.in
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Ukraine’s back-to-back drone attacks have reportedly crippled Russia’s oil refineries, creating an energy crisis. India has seized this opportunity, ramping up purchases of discounted Russian crude to boost refining margins and increase fuel exports to Europe. With diesel exports jumping 137% and Indian refineries operating at full capacity while China undergoes maintenance, India has emerged as a key swing supplier ahead of 2026 European sanctions. Despite U.S. tariffs and geopolitical risks, India’s strategic energy moves could secure substantial gains, though future challenges remain. Watch for more details.