Indian backdoor for Russian oil weakens calls for European ban Posted on April 14, 2022 by cngpump If Europe adopts official sanctions on Russian crude and fuel, prices will likely surge, and India could profit even more from refining Russian oil to fuels it then sells to Europe for more money. Related posts: European Union seeks answers to energy supply crunch, U.S. LNG deal Indian Oil buys 3 million barrels Russian Urals crude via tender G7 calls on oil, gas producers to boost deliveries to blunt impact on prices West united in support for Ukraine but EU split on Russian energy ban India’s oil imports from U.S. to rise, amid criticism for Russian purchases US President Biden announces ban on Russian oil and gas imports Oil see-saws near 14-yr highs as US weighs Russia oil embargo OPINION: US bans Russian oil, India needs to pivot European nations remain biggest importers of Russian energy Crude oil shoots higher on US Russian oil ban, Asian shares stabilise