Russian oil products find new route to Europe through India.

India's record high imports of crude oil from Russia in fiscal 2022-23 helped boost exports of diesel and jet fuel to Europe as the continent shunned Russian products. Access to cheap Russian crude has boosted output and profits at Indian refineries, enabling them to export refined products competitively to Europe and take bigger market share. India's imports of Russian crude in March rose for the seventh straight month to end out the fiscal year as top supplier to India, displacing Iraq for the first time.