image credit: Adobe Stock

The US says India veiled the origin of Russian fuel shipped to New York, according to a top Indian central banker

August 15, 2022


The US has raised concerns that India hid the origin of Russian oil shipped to New York, a top Indian central banker said.

Speaking at a recent event in Bhubaneswar, India, Michael Patra, the deputy governor heading monetary policy at the Reserve Bank of India said the country was informed of the case by the US Treasury Department, Bloomberg reported.

The department told India that an Indian vessel met a Russian tanker at sea to pick up oil. The shipment was then transported to a port in Gujarat on the west coast of India, where it was processed into a product used to manufacture single-use plastic, Patra said.

Read More on Markets Insider