https://www.taxtmi.com/news?id=30178 US sanctions designate Russian oil producers and a fleet of vessels and at least one insurer, triggering a wind-down period until March 12 that allows pre-existing contracts to complete. Sanctioned tankers are barred from Indian ports except for cargoes booked before January 10 and unloaded by March 12, and Indian refineries are expected to refuse deliveries from designated vessels. The USD 60 price cap remains in force and freight and insurance must be accounted for, while short-term supply continuity depends on ships already in transit and on new logistical arrangements or discounts. en-us Mon, 13 Jan 2025 19:01:03 +0530 Mon, 13 Jan 2025 19:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=30178 US sanctions designate Russian oil producers and a fleet of vessels and at least one insurer, triggering a wind-down period until March 12 that allows pre-existing contracts to complete. Sanctioned tankers are barred from Indian ports except for cargoes booked before January 10 and unloaded by March 12, and Indian refineries are expected to refuse deliveries from designated vessels. The USD 60 price cap remains in force and freight and insurance must be accounted for, while short-term supply continuity depends on ships already in transit and on new logistical arrangements or discounts. News - Mon, 13 Jan 2025 19:01:03 +0530 https://www.taxtmi.com/news?id=30178