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US says India hid Russian origin of shipped fuel: RBI Deputy Governor

The US has expressed concern that India is being used to export fuel made from Russian crude. Not only this, sea transport is being used to hide the source of the oil being exported.

By Priyanka Verma 
Updated Date

New Delhi: The US has expressed concern to India that it is being used to export fuel made from Russian crude oil. A top Indian central banker said on Saturday that the US also suspects that maritime transport is being used to hide the source of exported oil, news agency reported. At the same time, US sanctions are being ignored.

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Reserve Bank of India Deputy Governor Michael Patra said the US Treasury Department has informed India that an Indian ship picked up oil from a Russian tanker in the middle of the sea and brought it to a port in Gujarat on the west coast. Here this crude oil was refined and then sent out.

Patra also said that he was told that Russian crude oil had been converted into a distillate used to make single-use plastics. India, the world’s number 3 oil importer and consumer rarely bought Russian oil in the past. But since the war started, Indian refiners have been snapping up discounted Russian oil, shunned by many Western countries and companies.

In a program organized to commemorate 75 years of India’s independence, Reserve Bank of India Deputy Governor Michael Patra said that the refined oil was loaded back on the ship, after which it was released without any departed for the destination. In the sea it knew where to go. Eventually it moved to New York. Patra’s statement is being seen as India’s first official public reference to US concerns.

It is noteworthy that after the attack on Ukraine in February last month, America has imposed strict sanctions on Russia. The US has banned imports of energy products, including Russian crude, refined fuels, coal and gas. However, India has not joined the sanctions against Russia. Not only this, India has not even condemned Russia’s special military operation in Ukraine. After the Ukraine crisis, Indian refiners have shown interest in buying Russian oil at a discounted rate.

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