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EN
The U.S. is a major importer of Indian products made from Russian oil
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TPR: The Public's Radio
According to shipping data sourced by CREA, more than 90% of the Indian oil products imported by the U.S. came from the Reliance Industries refinery, owned by Asia’s richest man, Mukesh Ambani.
That means the U.S. is buying fuel made directly or indirectly from Russian oil, according to Isaac Levi, a researcher at CREA.
Loading…Levi points out that the European Union recently banned imports of seaborne crude oil and refined oil products from Russia.
“Nearly 60% of the oil India buys is on long-term contracts,” says Lydia Powell, an analyst with the New Delhi-based Observer Research Foundation.
“While politics has a role in oil imports, most such decisions are influenced by economics,” says Powell.
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