India halts trade with US-sanctioned Russian companies and tankers, government source says

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India Halts Trade With US-Sanctioned Russian Companies And Tankers, Government Source Says

India will allow Russian oil cargoes booked before Jan. 10 to discharge at ports in line with sanctions parameters, the official told reporters on condition of anonymity.

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The new U.S. sanctions forced China and India to host Russian oil tankers now, Bloomberg reports, although some ships were even in mainland waters and preparing to unload.

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Indian Refiners Cease Trade with U.S-Sanctioned Russian Tankers

India’s refiners have stopped doing business with the Russian tankers and companies sanctioned by the U.S. on Friday, a source at the Indian government told Reuters on Monday

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India halts trade with US-sanctioned Russian companies and tankers, government source says

INDIA-RUSSIA-OIL:India halts trade with US-sanctioned Russian companies and tankers, government source says

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India to Reject Oil Tankers That Were Sanctioned by US on Friday

India is set to reject oil tankers sanctioned by the US for their role in moving cargoes for Russia, another example of impact that Washington’s measures are having on the global oil market.

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Due to additional sanctions recently imposed by the US, three tankers carrying a total of more than two million barrels of Russian oil were stranded in Chinese waters and unable to dock at ports.