India Suspends Trade With US-Sanctioned Russian Companies And Tankers
Last week the U.S. Treasury imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegaz, as well as insurers Ingosstrakh and Alfastrakhovanie Group. The sanctions also targeted 183 vessels used to transport Russian oil, but the U.S. has allowed a wind-down of some energy-related transactions until March 12.