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‘Laundering’ of Russian Oil 

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 

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 Final Result – CIVIL SERVICES EXAMINATION, 2023.   Udaan-Prelims Wallah ( Static ) booklets 2024 released both in english and hindi : Download from Here!     Download UPSC Mains 2023 Question Papers PDF  Free Initiative links -1) Download Prahaar 3.0 for Mains Current Affairs PDF both in English and Hindi 2) Daily Main Answer Writing  , 3) Daily Current Affairs , Editorial Analysis and quiz ,  4) PDF Downloads  UPSC Prelims 2023 Trend Analysis cut-off and answer key

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 Final Result – CIVIL SERVICES EXAMINATION, 2023.   Udaan-Prelims Wallah ( Static ) booklets 2024 released both in english and hindi : Download from Here!     Download UPSC Mains 2023 Question Papers PDF  Free Initiative links -1) Download Prahaar 3.0 for Mains Current Affairs PDF both in English and Hindi 2) Daily Main Answer Writing  , 3) Daily Current Affairs , Editorial Analysis and quiz ,  4) PDF Downloads  UPSC Prelims 2023 Trend Analysis cut-off and answer key

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UDAAN PRELIMS WALLAH
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Quick Revise Now !
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध

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