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U.K. sanctions Indian and Chinese firms over Russian oil trade links
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Britain announced targeted sanctions against specific Indian and Chinese companies accused of facilitating Russian oil exports, as part of efforts to curb Moscow’s wartime revenue. Finance Minister Rachel Reeves said the move is aimed at disrupting logistics and insurance networks supporting Russian crude flows. The new measures coincide with the G7’s push for stricter oil-price caps. Analysts warned the step could strain trade relations, while energy markets reacted with short-term volatility as shipping insurers reassess exposure in sanctioned jurisdictions.