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The Hindu
The Hindu
National
The Hindu Bureau

Morning Digest | India leads ‘Laundromat’ countries buying Russian crude, selling refined products to Europe; U.S. projected to hit debt ceiling as soon as June 1, and more

United Nations United States India Russia Europe Brij Bhushan Sharan Singh Janet Yellen KL Rahul LSG RCB

India leads ‘Laundromat’ countries buying Russian crude and selling oil products to Europe: report

India leads five countries named as the “Laundromat” countries that buy Russian oil and sell processed products to European countries, thus sidestepping European sanctions against Russia, says a Helsinki-based group that cited the latest figures for the first quarter of 2023. 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.

Yellen says U.S. could hit debt ceiling as soon as June 1

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