{"id":13889,"date":"2023-05-02T18:38:17","date_gmt":"2023-05-02T13:08:17","guid":{"rendered":"https:\/\/pwonlyias.com\/stage\/?p=13889"},"modified":"2023-06-26T06:17:29","modified_gmt":"2023-06-26T00:47:29","slug":"laundering-of-russian-oil","status":"publish","type":"current-affairs","link":"https:\/\/pwonlyias.com\/stage\/current-affairs\/laundering-of-russian-oil","title":{"rendered":"\u2018Laundering\u2019 of Russian Oil\u00a0"},"content":{"rendered":"<p style=\"font-weight: 400;\"><b>Context:\u00a0<\/b><\/p>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">As per the report titled <\/span><b>Laundromat: How the price cap coalition whitewashes Russian oil in third countries<\/b><span style=\"font-weight: 400;\">, by the Centre for Research on Energy and Clean Air (CREA), India leads five countries named as the <\/span><b>Laundromat countries.<\/b><\/p>\n<p style=\"font-weight: 400;\"><b>About Laundromat countries:<\/b><\/p>\n<ul style=\"font-weight: 400;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Laundromat countries are those who buy Russian oil and sell processed products to European countries, thus side stepping European sanctions against Russia.<\/span><\/li>\n<\/ul>\n<p style=\"font-weight: 400;\"><b>Key Highlights of Report:<\/b><\/p>\n<ul style=\"font-weight: 400;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The report <\/span><b>accused Indian sellers and European buyers<\/b><span style=\"font-weight: 400;\"> of possibly circumventing sanctions by selling crude products from a refinery in Gujarat that is co-owned by Russian oil company Rosneft.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Price cap coalition<\/b><span style=\"font-weight: 400;\"> countries<\/span><b> have increased imports of refined oil products <\/b><span style=\"font-weight: 400;\">from countries that have become the largest importers of Russian crude.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>European countries are simply substituting oil products<\/b><span style=\"font-weight: 400;\"> they previously bought directly from Russia, with the same products now<\/span><b> \u201cwhitewashed<\/b><span style=\"font-weight: 400;\">\u201d in third countries and bought from them at a premium.<\/span><\/li>\n<\/ul>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/span><b><i>News Source: <\/i><\/b><a href=\"https:\/\/www.thehindu.com\/news\/national\/india-leads-laundromat-countries-buying-russian-crude-and-selling-oil-products-to-europe-report\/article66800618.ece\" target=\"_blank\" rel=\"noopener\"><b><i>The Hindu\u00a0<\/i><\/b><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Context:\u00a0 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&hellip; <a class=\"more-link\" href=\"https:\/\/pwonlyias.com\/stage\/current-affairs\/laundering-of-russian-oil\">Continue reading <span class=\"screen-reader-text\">\u2018Laundering\u2019 of Russian Oil\u00a0<\/span><\/a><\/p>\n","protected":false},"author":13,"featured_media":0,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"tags":[209,211,210],"paper-wise":[],"subject":[],"acf":[],"_links":{"self":[{"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/current-affairs\/13889"}],"collection":[{"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/current-affairs"}],"about":[{"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/types\/current-affairs"}],"author":[{"embeddable":true,"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/comments?post=13889"}],"version-history":[{"count":0,"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/current-affairs\/13889\/revisions"}],"wp:attachment":[{"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/media?parent=13889"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/tags?post=13889"},{"taxonomy":"paper-wise","embeddable":true,"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/paper-wise?post=13889"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/subject?post=13889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}