New Delhi: In a statement released on Saturday, the European Union expressed worry over the "rapid" increase of refined petroleum products derived from Russian crude oil in India making their way to the European market, arguing that this undermines the goal of the sanctions against Moscow, which are intended to reduce its capacity to finance the war with Ukraine.
It has been reported that "large quantities" of oil products refined from Russian crude oil have entered the European market, prompting the EU's Executive Vice President and Commissioner for Trade, Valdis Dombrovskis, to announce that measures are being considered to address the issue.