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Energy

India under spotlight for 'laundering' Russian oil

Reliance faces allegations of exploiting loophole to refine sanctioned crude

Russian crude oil is believed to have been refined in India and exported to the West.    © Reuters

TOKYO/MUMBAI -- Oil refineries near the western Indian port city of Sikka, where conglomerate Reliance Industries and other Indian companies operate, have come under the spotlight recently for becoming a hub for the "laundering" of Russian oil.

U.S. officials believe that Russian crude is being refined in India and then exported to the U.S. and Europe, circumventing sanctions that have been imposed on Russian President Vladimir Putin's government for its invasion of Ukraine.

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