• Russia has begun importing gasoline from India (INDY) to ease fuel shortages caused by Ukrainian attacks on its energy infrastructure.
  • At least 60,000 tons have already been shipped, with Russia reportedly targeting 400,000 tons per month from India and other suppliers.
  • Subsidies for importers are being considered to stabilize domestic retail prices.

Russia is importing gasoline from India for the first time in years, as Ukrainian drone strikes on refineries have created a domestic fuel shortfall. According to people familiar with the matter, at least 60,000 tons of Indian gasoline have been shipped to Russian ports, with Moscow aiming to secure up to 400,000 tons per month from India and Belarus to bridge the gap.

The move marks a significant shift for Russia, a major oil producer that traditionally exports gasoline. Ukrainian attacks on Russian refineries have reduced refining capacity, leading to a daily shortfall estimated at tens of thousands of tons. In response, the government is considering draft amendments to the Tax Code that would subsidize imports to keep retail prices stable.

India has emerged as a key supplier due to its own refining capacity, much of which runs on Russian crude. Indian gasoline exports have surged, and the product mix may include ethanol blends, which could affect the quality Russia receives.

“This is a pragmatic step to ensure supply,” said one trader involved in the talks. "The volumes from Belarus alone aren't enough."

Efforts to secure imports come as Russia's domestic fuel market faces pressure. Without a deal, analysts warn of potential shortages that could drive up prices and hit consumers. The government has yet to announce a final subsidy mechanism, but discussions are ongoing, according to people close to the matter.

Bloomberg reported earlier this month that Russia was exploring imports from India, but the scale of the plan has only now become clear. The situation underscores how the war in Ukraine continues to reshape global energy flows, pushing Russia to seek alternative supply routes even as it faces Western sanctions.