US sanctions on Russian oil tankers to hit imports, Trump’s stance key: Official

News Snapshot:

THE SWEEPING US sanctions targeting Russia’s oil trade announced on January 10, with as many as 183 tankers being placed under sanctions, could hit India’s imports of cheaper Russian oil. Unlike the leeway offered by the earlier sanctions imposed on Russian entities, the new measures would effectively restrict the entry of oil tankers at Indian ports and is therefore far more targeted. A senior Indian government official said a lot would depend on how the incoming Donald Trump administration views the sanctions and how seriously it implements these in the coming months. “The secondary sanctions would impact India as it...