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    EU finanziert Putin mit zunehmenden russischen Treibstoffkäufen aus Indien, warnt ein Bericht


    EU finanziert Putin mit zunehmenden russischen Treibstoffkäufen aus Indien, warnt ein Bericht

    https://www.politico.eu/article/eu-vladimir-putin-russia-fuel-imports-india-war-in-ukraine-price-cap-sanction/

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    1. donutloop on

      **Submission Statement**

      The article “EU Bankrolling Putin with Growing Russian Fuel Buys from India, Report Warns” provides a critical analysis of the European Union’s growing fuel purchases from Indian refineries reliant on Russian crude. Despite the EU’s sanctions and price caps targeting Moscow’s oil exports, the report underscores how these measures are being circumvented through third-country refining loopholes.

      This report from the Center for the Study of Democracy highlights key findings, including the EU’s increased expenditure on fuel imports processed from Russian crude and the role of India’s major refineries in facilitating this trade. It also examines the use of a “shadow fleet” of tankers with opaque ownership to bypass sanctions and notes the implications for funding Russia’s war effort in Ukraine.

      The findings call into question the effectiveness of EU sanctions and urge Brussels to take firmer action, such as banning imports from refineries heavily reliant on Russian crude and tightening financial restrictions. The article provides a nuanced perspective on the complexities of enforcing sanctions and the unintended consequences of global oil trade dynamics.

    2. Nomustang on

      I’m unsure how much money Russia actually makes off of this? If they’re buying from Indian refineries shouldn’t the higher prices just…go to Indian companies? The cut Russia gets from exporting raw petroleium should be…notably lower?

      You can’t shut down Russian exports entirely and if the goal is to not give Russia any demand whatsoever, you need alternatives and the article doesn’t speak about this at all. If you buy more from OPEC members, then Russia has to fill in the vaccum for non-Western countries because OPEC won’t increase the total supply (oil prices) so Russia still gets to export oil.

      So like besides long term invesment in nuclear, renewables and trying to import more from North America…what do you even do? Why can’t the US help plug the gap?

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