Indian PSUs Deal A Blow To China: State Oil Companies Ban Usage Of Chinese Tankers

Indian Public Sector oil companies have announced that henceforth they will not be chartering tankers from Chinese owned or operated companies even if they are registered under the flag of a third country, Times of India has reported.

This boycott is part of India's economic retaliation against China for its unprovoked aggression along the Line of Actual Control (LAC) in Eastern Ladakh.

The report adds that India's oil traders are also planning to ask their sellers to not ship the oil on Chinese vessels.