Russia

Aerial view of oil tanker

India stops accepting Russian oil delivered by U.S.-sanctioned tankers

Indian oil refineries have stopped accepting Russian crude oil delivered by tankers operated by Russia’s largest commercial shipping company that has been sanctioned by the U.S., likely as a result of the war on Ukraine. The move deals a significant blow to Russia’s economy as India has emerged as a major importer of Russian crude oil over the past two years.

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