India’s Refiners Brace For Major Disruption to Russian Oil Supply

Indian refiners expect their supply of cheaper Russian crude to be severely crippled with imminent U.S. sanctions expected to be slapped on tankers transporting Russia’s oil, refining sources in India told Reuters on Friday. Indian refiners understand that the outgoing Biden Administration is set to target in a new sanctions package more than 180 tankers that transport Russian crude oil, according to Reuters’s sources. The U.S. Administration is also expected to designate Russia-based maritime insurance service providers Ingosstrakh…