EU-India Energy Relations Strained Over Russian Oil Imports

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Source: POLITICO Europe
EU-India Energy Relations Strained Over Russian Oil Imports
Photo: POLITICO Europe
TL;DR Summary

The first EU-India summit was overshadowed by a loophole in Western sanctions against Russia that allows countries like India to buy up cheap oil, refine it, and then ship it back to Europe for a hefty profit. Indian Foreign Secretary Subrahmanyam Jaishankar denied criticism that his country was helping Moscow circumvent sanctions. The EU's foreign policy chief Josep Borrell broke ranks to say that Brussels should move to crack down on third countries refining Russian oil and selling the products on to the bloc.

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