EU Sanctions Bypassed by "Laundromat" Countries Boosting Russian Oil Revenues

Posted 4/20/23

The European Union (EU) imposed a ban on seaborne imports of Russian crude oil in response to the invasion of Ukraine, setting a price cap of USD60 for Russian crude oil.

The effectiveness of these sanctions is being undermined by five "laundromat" countries: China, India, Turkey, United Arab Emirates (UAE), and Singapore, according to a recent report by Helsinki-based Centre for Research on Energy and Clean Air. 

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