A European think-tank revealed that over one-third of India's oil product exports to the G7-led coalition countries came from Russian crude. While the coalition imposed price caps on crude but not on refined products, India's Jamnagar refinery, operated by Reliance Industries Ltd, played a significant role, exporting EUR 5.2 billion of oil products to the coalition. Despite restrictions on Russian crude, India imported EUR 3.04 billion of it to supply the sanctioned countries. Additionally, the Vadinar refinery, operated by Nayara Energy and partly owned by Rosneft, exported EUR 469 million of oil products to the coalition, with the USA being a major importer.
