×

GS Foundation

Crash Course

Combo (GS+Optional)

Optional Courses

Degree Program

Test Series

Karolbagh

Mukherjee Nagar

Patna

Lucknow

Prayagraj

Indore

Jaipur

Muzaffarpur

Chandigarh

Bengaluru

Context:

As per the report titled Laundromat: How the price cap coalition whitewashes Russian oil in third countries, by the Centre for Research on Energy and Clean Air (CREA), India leads five countries named as the Laundromat countries.

About Laundromat countries:

Laundromat countries are those who buy Russian oil and sell processed products to European countries, thus side stepping European sanctions against Russia.

Key Highlights of Report:

The report accused Indian sellers and European buyers of possibly circumventing sanctions by selling crude products from a refinery in Gujarat that is co-owned by Russian oil company Rosneft.
Price cap coalition countries have increased imports of refined oil products from countries that have become the largest importers of Russian crude.
European countries are simply substituting oil products they previously bought directly from Russia, with the same products now “whitewashed” in third countries and bought from them at a premium.

News Source: The Hindu

To get PDF version, Please click on "Print PDF" button.

Recent Post
Most Viewed Post

Global Optical Atomic Clock Comparison May Redefine the SI U...

MeitY’s Whitepaper on Quantum Cyber Readiness: “Transiti...

Maratha Military Landscapes in UNESCO World Heritage List

India Launches e-Truck Incentive Scheme Under PM E-DRIVE

World Population Day 2025: Youth Empowerment, Fertility Decl...

News in Shorts: 12 July 2025

Social Stock Exchange

Data Point

Arsenic and Fluoride In Groundwater

WHO Launches ICD 11 – A Traditional Medicine Module 2:...

Prime- Minister’s Egypt State Visit

Drug Controller General of India

Recent Editorial

How Climate Change is Creating Refugees Across the...

View India’s Gender Gap Report Ranking as a Warn...

Aiding India’s Progress with Choice, Control and...

Bridge too Far: On the Bridge Collapse in Vadodara

How India’s Biofuel Potential Complements its Le...

As PM Modi lands in Namibia, this is why the Count...

Popular current affairs

Global Optical Atomic Clock Comparison May Redefin...

MeitY’s Whitepaper on Quantum Cyber Readiness: �...

Maratha Military Landscapes in UNESCO World Herita...

India Launches e-Truck Incentive Scheme Under PM E...

World Population Day 2025: Youth Empowerment, Fert...

News in Shorts: 12 July 2025

Our Courses

Our Courses

Need help preparing for UPSC or State PSCs?

Connect with our experts to get free counselling & start preparing

Aiming for UPSC?

Download Our App

Contact Details

Aiming for UPSC?

Download Our App

Follow Us:

Contact Details

Download Our App

Books & Magazines
UPSC PYQs
UPSC Notes
CA & Editorials
Other Resources

Books & Magazines

×

Prahaar (Mains Wallah)

Mains Wallah (Q&A Bank)

Budget & Economic Survey

Monthly Current Wallah

Weekly Current Wallah

Editorial Summary

Editorial Q&A Compilation

NCERT Wallah

Marks Booster

Udaan 500+

Udaan

Prelims Wallah (Q&A Bank)

UPSC PYQs

×

Prelims PYQs

Mains PYQs

Optional PYQs

UPSC Notes

×

Comprehensive Notes

Udaan Notes

NCERT Notes

CA & Editorials

×

Daily Current Affairs

Subject Wise Current Affairs

Editorial Analysis

Other Resources

×

Daily Prelims Practice

Daily Mains Practice

Blogs

Toppers Copies