REUTERS / Yulia Morozova / File Photo
With the sanctions imposed by USA in its two largest oil companies of Russiabanks and refiners in China and India tend to comply, a US Treasury official said today (11/20/2025).
In particular, the US government last month imposed sanctions on Lukoil and Rosneft, with the aim of limiting the revenue that Russia receives from oil sales, with which it finances its war in Ukraine that has been going on for almost four years.
Many Chinese and Indian businesses are aware of the sanctions and are “risk averse, recognize the importance of relations with the West and tend to comply,” the official told reporters by phone.