China and India Tap Breaks on Russian Oil Purchases - Reuters

cover Photo: Grok AI Generated, ill. purposes.

China and India have suspended purchases of Russian oil for March delivery due to increased freight costs for tankers not under U.S. sanctions, Orda reports, citing Reuters.

On January 10, 2025, the U.S. Treasury Department imposed sanctions on 180 tankers, which it believes are "part of Russia's shadow fleet."

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