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🇷🇺🇮🇳Russia is now importing gasoline from India.
Read that again slowly.
Ukraine's drone campaign hit 16 Russian refineries in May and at least 6 more in June, pushing crude processing to a two-decade low and cutting gasoline output by 25%. Russia now produces 85,000 tonnes of gasoline daily against summer demand of 111,000 tonnes. A 25,000-tonne daily hole that Belarus cannot fill.
So Russia turned to India.
Here is the full circle of it. India has been buying Russian crude at record levels, 2.66 million barrels per day in June, the cheapest sanctioned oil on earth. Indian refineries process it. Now that refined gasoline ships back to Russia because Russia can no longer refine its own crude fast enough.
India buys Russian oil. Refines it. Sells it back to Russia. Profits twice.
Meanwhile Russian light aircraft are substituting car gasoline for aviation fuel. Fuel retailers in Moscow are rationing per-customer sales.
A country sitting on the world's largest energy reserves is rationing fuel to its own citizens.
And India, officially neutral, is quietly making money on both the crisis and the solution.