Indian private refiners that have leveraged cheap Russian crude to boost margins will be forced to find workarounds and rely more on traders to find new markets for their products after the latest round of European Union sanctions,

The EU's new sanctions on Russian oil could jeopardize India's $15 billion fuel exports. These sanctions target refined petroleum products made from Russian crude, potentially restricting access to European markets.

As the EU tightens sanctions on Russian oil and fuels, India’s energy security, refinery margins, and $15bn exports to EU stand exposed to geopolitical crossfire