neutral
Recently
UK targets Indian and Chinese firms over Russian oil trade amid sanctions drive
U.
The U.K. government announced targeted sanctions on specific companies in India and China accused of facilitating Russian oil exports as part of its global sanctions enforcement push. The firms are said to have provided logistics, trading and insurance support to Russian crude flows. The move is aimed at cutting tailwind channels for Moscow’s oil revenue amid high geopolitical tension. The announcement may force trading shifts and prompt strategic realignments in Indian energy importers and shipping firms exposed to sanction risk.