Geopolitics and Security Alliances

India Boosts Oil Supply Amid Ukraine Conflict, Gains $2.5B

India has significantly increased its intake of discounted Russian crude oil due to Ukraine’s drone strikes on Russian refineries, enhancing its refining margins and positioning it as a key diesel supplier to Europe amidst tightening global energy markets. This strategic move is expected to yield annual economic benefits of around $2.5 billion, bolstering India’s GDP and energy sector growth while maintaining geopolitical leverage. However, challenges remain, including U.S. tariffs on petroleum exports and potential logistical bottlenecks. By capitalizing on these opportunities, India is reinforcing its role as a critical player in the evolving global oil landscape, showcasing its strategic autonomy and resilience against external pressures.

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