Laundromat’ Countries

May 3, 2023

A report by Finland based group cited that India is leader of five countries named as the “Laundromat” countries.
The so-called “laundromat” countries are countries that buy Russian oil and sell processed products to European countries, thus sidestepping European sanctions against Russian Oil.
The five countries (India, China, Turkey, UAE and Singapore) are identified as ‘laundromats’ for Western countries by the Centre for Research on Energy and Clean Air (CREA).
The five countries are responsible for 70 percent of Russia’s crude oil exports, the study highlighted.