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Strait of Hormuz crisis Tankers and Gas Sanctions

US grants India general licence for Russian crude imports sparing sanctioned tankers amid Hormuz turmoil

  • 30-day window granted for India to resume imports of Russian crude oil from floating storage
  • Shadow fleet tankers carrying Russian crude oil to India will be exempt from sanctions during this period
  • But restrictions remain from the EU and UK maritime service providers, creating doubt for club cover

  • News

The licence will improve the state of crude oil flows into India, which have been severely choked following the country’s pivot from Russia to the Middle East

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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