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A model of a pump jack is seen in front of the displayed word "Sanctions",  U.S. and Russia flag colours in this illustration taken March 8, 2022. Dado Ruvic/Illustration
A model of a pump jack is seen in front of the displayed word "Sanctions", U.S. and Russia flag colours in this illustration taken March 8, 2022. Dado Ruvic/Illustration
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New US sanctions on Russian tankers to hit oil supplies to India, refining sources say

January 10th, 2025 | 12:34 PM BUSINESS Energy 1

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By Nidhi Verma

Indian firms see a major disruption of Russian oil supplies as Washington imposes new sanctions to curb Moscow's revenues, pushing refiners to scout for crude from the Middle East and the U.S., three Indian refining sources said on Friday.

The sources said they understand that the new U.S. sanctions would target more than 180 tankers shipping Russian oil and Russia-based maritime insurance service providers Ingosstrakh Insurance Company and Alfastrakhovanie Group.

  • Topic
  • Ukraine
  • OIL (URGENT)
  • CRISIS/RUSSIA
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