• Washington’s biggest sanction wave on Russian oil threatens to engulf India

    Washington is slowly but steadily cutting the umbilical cord that links Russian oil to India—shipping. The US, on Friday, unleashed the largest sanctions package, partly directed at Sovcomflot, Russia’s state-owned shipping behemoth, and on 14 of its vessels, which are some of the biggest carriers of Russian oil to India on a regular basis.

    Since January 2023, these newly-sanctioned tankers have transported around 68 cargoes to India, equivalent to around 6 per cent of the total Russian crude imports last year. That’s approximately 48 million barrels of oil, more than what Nigeria, a key crude oil supplier to India prior to the Ukraine war, supplied in 2023, according to calculations .

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