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India Leads 'Laundromat' Countries Buying Russian Oil And Selling To Europe | UPSC 2023

According to a report by Centre for Research on Energy and Clean Air (CREA) India leads the list of five 'Laundromat' countries buying Russian crude oil. These five countries that have increased purchases of Russian oil, sell the refined products to countries having sanctioned Russian oil. The five laundromat countries are China, India, Turkey, the United Arab Emirates (UAE) and Singapore. While the European Union has banned direct imports of oil and its products, it indirectly imports oil from third countries that have become the main buyers of crude oil from Russia, undermining the Western sanctions. With this, European Union still remains the largest importer of Russian oil products, arriving from laundromat countries despite its strictest sanctions on Russia since the invasion of Ukraine, blunting the effect of the sanctions on Russia. What are Laundromat Countries? Which are Laundromat Countries? Why is EU the largest importer of Russian oil products despite sanctions on Russia for invasion of Ukraine? for answers to these questions and much more watch the full video. Understand various current affairs topics, strictly from the perspective of the UPSC Civil Services Examination, subscribe to our YouTube Channel Now!!! Watch this video as we discuss about Laundromat countries and their impact on the Russia-Ukraine War. So, if you are preparing for UPSC exams or want to improve your knowledge of the Indian economy, make sure to watch this video till the end. Don't forget to like, comment, and subscribe to our channel for more informative videos on UPSC exam topics. For Complete Revision of Important Current Affairs for Prelims 2023, Watch Target Prelims 2023. Download the BYJU'S Exam Prep App Now! 👉 https://click.gradeup.co/Fqr0/ytIASEng Target Prelims 2023 Phase 2 Timetable (9th March - 14th April 2023): 👉 https://cdn1.byjus.com/wp-content/upl... Join us on Telegram for all the latest updates: 👉 https://t.me/BYJUSEXAMPREPIAS Subscribe to "BYJU’S IAS" Channel: 👉 https://www.youtube.com/c/BYJUSIAS?su... Subscribe to our “BYJU’S IAS Hindi” Channel: 👉 https://www.youtube.com/c/BYJUSIASHin... Register FREE - BYJU’S National Scholarship Test (BNST) for IAS 👉 https://byjus.com/bnst-ias/?utm_sourc... Top Playlists for UPSC Civil Services Exam (CSE): Economy Essentials Playlist: 👉    • Delhi Mumbai Expressway | Electric Hi...   Polity Essentials Playlist: 👉    • Preamble of Indian Constitution | Wha...   The Hindu News Analysis 2023 Playlist: 👉    • The Hindu Newspaper Analysis LIVE | M...   Strategy Series Playlist: How To Prepare for UPSC Prelims & Mains? 👉    • Strategy Series | Prelims and Mains |...   Target Prelims 2023 Daily Quiz Playlist: 👉    • Daily Quiz | Master Playlist - 2023 |...   Knowledge Series Playlist | Cover 100+ Key Static Topics: 👉    • Knowledge Series | Master Playlist | ...   The Big News Playlist | Watch & Understand Big Breaking News: 👉    • The Big News | Daily Analysis of Key ...   Explained Playlist | In-depth Analysis of Weekly Current Affairs: 👉    • Explained | In-depth Analysis of Week...   For Current Affairs videos in Hindi visit: ‪@BYJUSIASHindi‬ For more information on BYJU'S IAS courses, call us on: +91-9538419666 Happy Learning! ‪@BYJUSIAS‬ #laundromat #russia #russiaukrainewar #ukraine #ukrainerussia #ukrainewar #ukrainecrisis #ukraineconflict #crudeoil #crudeoillaundering #oilimports #westernsanctionsonrussia #5laundromatcountries #laundromatcountries #russiawar #russiaukrainelive #geopolitics #economic #economyupsc #laundering #indiarussiarelation #indiarussiafriendship #indiarussia #indiarussiaoilimports #sanctionsonrussia #russiasanctions #byjusias #currentaffairstoday #currentaffairs2022 #upsceconomics #economyupsc #economy #economybasics #economyconcepts #breakingnews #currentaffairsbooster #currentevents #latestnews #currentaffairsfortoday #upsccseprelims2023 #upscpre2023 #upscpreparation #iasprelims #iasprep #iascurrentaffairs #currentaffairs #currentaffairstoday #upsccurrentaffairs #dailycurrentaffairs #todaycurrentaffairs #upsc2023 #iascurrentaffairs #dailycurrentaffairs #newsanalysis #currentaffairs2023 #byjuseconomyessentials #byjusias #byjusexamprepias