Bloomberg reported that India will not allow tankers carrying Russian oil subject to American sanctions to enter its ports. This is a significant blow to Vladimir Putin's policy. The Indian market became one of the key markets for Russia after the EU decided to abandon Russian raw materials following the invasion of Ukraine.

Chinese and Indian refiners are seeking alternative fuel supplies as they adapt to severe new U.S. sanctions on Russian producers and tankers that are designed to curb the revenues of the world's second-largest oil exporter.

India intends to abandon oil tankers that have been sanctioned by the United States because of their role in transporting goods for Russia, which is another example of the impact of Washington's measures on the global oil market.

India's state refiners are hastening payments for Russian crude, aiming to complete trades before impending US sanctions take effect. They now settle payments in two days instead of five. Indian banks have stopped dollar payments,

Indian refiners have stopped dealing with U.S.-sanctioned oil tankers and entities but the country does not expect disruption to Russian crude supplies during a two-month wind-down period, a government source said on Monday.

Indian refiners have reportedly stopped dealing with tankers and entities that have been sanctioned by the US. However, the country does not expect any disruption to Russian oil imports during a two-month wind-down period,