Anxious about the latest US sanctions on Russian oil tankers, India is keenly waiting for the Donald Trump regime, which will take charge next week, to clarify the fine-print to see how strictly the measures might be imposed.
“After the six weeks transition period, our ports will be forced to disallow any sanctioned oil tanker that comes in from Russia for fear of being sanctioned. It could have a considerable impact on our oil imports from Moscow. The Trump government will notify the fine-print of the sanctions and it has to be seen how serious these are actually going to be when implemented,” a government official told businessline.