The latest U.S. sanctions on two Russian oil exporters have raised crude oil prices, with gains expected after a string of losses. Brent crude trades at $65.63 per barrel, West Texas Intermediate at $61.43, both up $4 per barrel since Monday.

Chinese and Indian buyers are pausing new orders in response to U.S. sanctions on Rosneft and Lukoil. These two companies collectively ship over 2 million barrels daily, primarily to China and India. Replacement challenges are expected, but analysts believe the impact will be limited.

Rystad Energy analyst Janiv Shah notes that India is at risk due to the sanctions, while China’s refiners may face more muted challenges. China has been increasing its oil inventories this year, reducing the risk of supply shocks. Previous sanctions on other Russian oil companies had little effect on overseas shipments.

ING commodity analysts recall previous sanctions on Russian oil companies and question the potential effectiveness of the new sanctions. Sanctions on companies producing over 5 million b/d of oil are seen as significant, but it remains to be seen if Russia can circumvent these latest measures.

Read more at Yahoo Finance: Oil Prices Set to End the Week Higher After U.S. Sanctions Spark Rally