Russia’s Oil Is Finally Getting Snarled by Sanctions
- State-run Sovcomflot’s tankers rejected by all Indian refiners
- Dozens of sanctioned vessels have failed to load cargoes
The St. Petersburg Oil Terminal.
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The Russian oil-export machine funding the Kremlin’s war in Ukraine is finally getting some grit in its gears.
Indian oil refiners — Moscow’s second-biggest customers after China since the 2022 invasion — will no longer accept tankers owned by state-run Sovcomflot PJSC because of the risk posed by sanctions.