US says India hid Russian origin of fuel shipped to US
| Updated: Saturday, August 13, 2022, 21:46 [IST]
New Delhi, Aug 13: The US expressed concern that an Indian company hid the origin of Russian oil, processed it and shipped some products to New York, according to Michael Patra, deputy governor in charge of monetary policy at the Reserve Bank of India.Representational image
India has been informed about the development by the US Treasury Department, he said at an event Saturday in Bhubaneswar in Odisha, Reuters reported.
"The refined output was put back on that ship and it set sail without a destination. In the mid-seas it received the destination so it reached at its course, went to New York," the news agency quoted Patra said as saying at the event to celebrate 75 years of India's independence.
However, the US embassy in New Delhi said it had no immediate comment.
The Russian crude was processed and converted into a distillate used for making single-use plastic, he said. "So that's the way war works. It works in strange ways," he said
India's crude oil imports from Russia have jumped over 50 times since April and now make up for 10 per cent of all crude bought from overseas, a senior government official said on Thursday. Russian oil made up for just 0.2 per cent of all oil imported by India prior to the Ukraine war, news agency PTI reported earlier.
India has taken advantage of discounted prices to ramp up oil imports from Russia at a time when global energy prices have been rising. After the US and China, India is the world's third-largest consumer of oil, over 85 per cent of which is imported.India to be fastest growing economy in the world this year: Govt source At UN, China delays India, US bid to sanction terrorist behind Kandahar hijacking A new high in Indo-US strategic partnership Chinese spy ship Yuan Wang 5's impending Sri Lanka visit and why India is concerned New players, old rules: Sri Lanka's bond with China 'dangerous' for India On move to extend China-Pak Economic Corridor, India says its inherently unacceptable Google launches 'India Ki Udaan' to mark 75 years of Independence India, Pak should resolve Kashmir issue peacefully through talks: China Inherently illegal, unacceptable: India on move to extend CPEC by China India, China held military talks to discuss air space violations, provocations by Chinese Air Force Slush money to hawala: Pakistan’s tactics to keep the Valley under boil India reports 20,551 new COVID-19 cases in last 24 hours, active cases reduce to 1,35,364