Russia, Europe eye India’s trade route

The Russo-Ukraine war and tighter sanctions on Russia by the West have provided more opportunities for India’s businesses than ever before. Defense production and maintenance, shipbuilding and oil refining are three sectors where Indian companies are already beneficiaries or at least have received inquiries from potential importers. India’s petroleum products exports, which rose 161% to $67.5 billion in FY12, partly driven by price increases, with several European countries in the current year to source refined products from Russia’s Ural crude Will take recourse to India, which is out of bounds…