Indian and Chinese refiners are in a quest to find new suppliers of crude as they adapt to fresh US sanctions on Russian producers and tankers that are designed to curb the revenues of the world's second-largest oil exporter.

Indian refiners have reportedly stopped dealing with tankers and entities that have been sanctioned by the US. However, the country does not expect any disruption to Russian oil imports during a two-month wind-down period,

Indian refiners have stopped dealing with U.S.-sanctioned oil tankers and entities but the country does not expect disruption to Russian crude supplies during a two-month wind-down period, a government source said on Monday.