Sanctioned Russian Oil Tankers Get Temporary Reprieve in India

India has received clarification from the U.S. that the Russian oil tankers sanctioned earlier this month are allowed to discharge their crude at Indian ports until February 27, Indian oil secretary Pankaj Jain said on Friday. “There was a round of clarification by OFAC (the U.S. Office of Foreign Assets Control). Formally they did clarify that Feb. 27 is the deadline,” Reuters quoted the Indian official as telling reporters in response to questions about the end of the wind-down period.  The wind-down deadline for completing the…