TryGOLD- Free

Tougher sanctions by US to curb Russian oil supply to China, India
Millennium Post Kolkata|Kolkata 13January2025
US Treasury imposed sanctions on Russian oil producers Gazprom Neft, Surgutneftegas & 183 vessels that have shipped Russian oil

NEW DELHI/SINGAPORE: Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new US sanctions on Russian producers and ships curb supplies to Moscow's top customers, traders and analysts said.

The US Treasury on Friday imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegas, as well as 183 vessels that have shipped Russian oil, targeting the revenues Moscow has used to fund its war with Ukraine, Reuters reported.

Many of the tankers have been used to ship oil to India and China as western sanctions and a price cap imposed by the Group of Seven countries in 2022 shifted trade in Russian oil from Europe to Asia. Some tankers have also shipped oil from Iran, which is also under sanctions.

This story is from the Kolkata 13January2025 edition of Millennium Post Kolkata.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Tougher sanctions by US to curb Russian oil supply to China, India
Gold Icon

This story is from the Kolkata 13January2025 edition of Millennium Post Kolkata.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM MILLENNIUM POST KOLKATAView All
Millennium Post Kolkata

Find your personal year number in 2025

These numbers reveal what themes and opportunities await an individual in 2025

time-read
3 mins  |
Kolkata 15January2025
Millennium Post Kolkata

Jasprit Bumrah named ICC Men's Player of Month for December '24

India pace spearhead Jasprit Bumrah was on Tuesday named ICC Men's Player of the Month for December 2024 after his sensational performance during the recent tour of Australia for the Border-Gavaskar Trophy.

time-read
1 min  |
Kolkata 15January2025
Millennium Post Kolkata

Vineet compares his journey with Alia

He doesn't feel angry about anyone's privilege in the industry

time-read
1 min  |
Kolkata 15January2025
Millennium Post Kolkata

BCCI to evaluate Gambhir's future post CT

Gautam Gambhir's position as head coach will be \"revaluated\" on the basis of India's Champions Trophy performance next month amid concerns that there is discontent in the dressing room due to his push to end the long-prevalent \"superstar culture\" in the team.

time-read
2 mins  |
Kolkata 15January2025
Millennium Post Kolkata

I look at shutterbugs as people: Rasha Thadani

Rasha will make her debut in 'Azaad'

time-read
1 min  |
Kolkata 15January2025
Millennium Post Kolkata

India eye clean sweep against Ireland

With another power-packed batting performance, the Indian team will be aiming to continue their impressive run and finish on a high note

time-read
2 mins  |
Kolkata 15January2025
Millennium Post Kolkata

Rohit Trains With Mumbai Team

Embattled India captain Rohit Sharma practised with the Mumbai team here on Tuesday as the side geared up for the resumption of Ranji Trophy from January 23 but there was no clarity on whether he would play for the side in its upcoming fixture.

time-read
1 min  |
Kolkata 15January2025
Millennium Post Kolkata

Insurance premium: India to lead G20 with 7.3% growth over 2025-29

Life insurance, the mainstay of India's insurance market, accounts for 74% of total premium

time-read
2 mins  |
Kolkata 15January2025
Millennium Post Kolkata

RBI Rejig Dy Guvs' Portfolios as MD Patra's Term Ends

The RBI has rejigged portfolios of its deputy governors, as the extended term of Deputy Governor Michael Debabrata Patra ended on Tuesday.

time-read
1 min  |
Kolkata 15January2025
Millennium Post Kolkata

India's palm oil imports decline in December

India's palm oil imports dropped sharply in December as cheaper soybean oil from South America gained market share, industry data showed on Tuesday.

time-read
1 min  |
Kolkata 15January2025

We use cookies to provide and improve our services. By using our site, you consent to cookies. Learn more