Fresh US sanctions on Russian shipping companies threaten to hurt supplies of oil this year to Moscow’s second-biggest customer — Indian refiners.

       Enhanced sanctions enforcement by western powers will eventually increase procurement costs and reduce the appeal of discounted Russian crude, which accounts for a third of India’s oil imports, industry officials said.

       For now, Indian oil companies are staring at uncertainty after Washington placed Dubai-based shipping operators Sun Ship Management and Hennesea Holdings under fresh sanctions. These are over violating the $60 a barrel price-cap rule imposed by the G-7 in December 2022, industry officials said.

       China has escaped

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