China and India stopped the trade in Russian oil against the backdrop of new US sanctions, which entailed a sharp increase in tariffs for tanker cargo transportation. This is reported by Reuters on Tuesday, January 28.

. This happened after the cost of the freight of tankers, which did not affect US sanctions, increased sharply.

. This led to a sharp increase in freight rates on tankers, while buyers and ports in China and India avoided sanctions vessels.

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. The company expects the number of goods offered by March to decrease compared to January and December.

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. Payments for oil on board the vessels falling under sanctions should be made until March 12, he added.

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