Almost five million barrels of Russian Sokol crude oil are stranded on their way to Indian refineries following new U.S. sanctions, according to Bloomberg. It is reported that the vessels are idling miles away from their destination. One of the reasons for this situation could be the U.S. sanctions on tankers transporting Russian oil in violation of the price cap set by the Group of Seven (G7) countries. In mid-October, the U.S. Treasury imposed sanctions on the first two vessels linked to trading Russian oil. Additional restrictions were placed on three more in mid-November and another three …