The EU's new sanctions on Russian oil could jeopardize India's $15 billion fuel exports. These sanctions target refined petroleum products made from Russian crude, potentially restricting access to European markets.

The European Union’s (EU) latest round of sanctions, its 18th package since the invasion of Ukraine, has drawn sharp responses from both Russia and India after the bloc targeted Indian refiner Nayara Energy for its links to Russian crude oil.

This shift highlights the wider impact of escalating restrictions against Russia-linked energy as India becomes a key destination for Russian crude, while the EU previously remained a market for products made from that crude.