The EU ramped up payments for purchases of Russian-made fuel from India in 2024, a new report shared with POLITICO shows — helping fill Moscow’s war coffers.
From January to August, the EU bought fuel worth almost 20 percent more than it did last year from three major Indian refineries working on Russian crude oil, according to the analysis, prepared by the Center for the Study of Democracy think tank.
India, which replaced Saudi Arabia as Europe’s top fuel supplier for 2024, has also begun accepting Russian cargoes via EU-sanctioned ships, the report warns — a development that’s now sparking anger from inside the bloc.
“The additional revenues have been able to sustain the enormous costs of the war effort in Ukraine,” he added.
EU is importing US oil.
https://www.eia.gov/todayinenergy/detail.php?id=61584
But at today’s prices there is a limit.
Oil trumps principles.