Russia Buys Gasoline from India as Strikes Cripple Output
Amidst a severe domestic fuel shortage exacerbated by Ukrainian drone strikes on oil refineries, Russia is preparing to initiate large-scale gasoline imports from India. To mitigate the impact on retail prices, Russia is proposing budget subsidies for companies importing gasoline, calculated based on Indian market prices and shipping costs. This move comes as drone attacks have crippled Russia’s refining capacity to a two-decade low, creating a significant daily deficit in gasoline production and leading to a wider fuel crisis impacting various sectors, including aviation.
John Q. Hosedrinker