India became the largest supplier of oil, becomes the largest supplier of crude oil to Europe- Watch Video

India has become the largest supplier of refined petrol products in Europe. This has been revealed by the data of analytics firm Kpler. Explain that Europe's dependence on India's refined petroleum products has increased after the ban on Russian oil. While Europe has become India's largest supplier of petroleum products, India, on the other hand, is buying record quantities of crude oil from Russia. In this way, despite the sanctions, Russia is getting its benefit.

Russia Giving Huge Discounts on Crude Oil 

European countries have imposed sanctions on Russia because of the Ukraine war. Because of this, they are not buying Russian crude oil. At the same time, after the closure of the European market, Russia is giving huge discounts on the purchase of its crude oil. This is the reason why India is buying record quantities of crude oil from Russia. According to statistics, India is currently buying 3,60,000 barrels of oil daily from Russia. Apart from Russia, India is buying the most crude oil from Saudi Arabia and Iraq.