Major Oil Buyers Face Dilemma Over New U.S. Sanctions on Russian Exports

U.S. sanctions targeting Russian petroleum giants Rosneft and Lukoil are poised to create divergent responses from major buyers like India and China, impacting global oil markets.

• The U.S. sanctions announced by President Donald Trump last week specifically affect Russian oil producers Rosneft and Lukoil, which are responsible for over half of Russias petroleum exports.
• India and China, as major buyers of Russian crude, are expected to navigate the enforcement risks of the sanctions differently, potentially altering their oil refinery operations.
• These sanctions come amid ongoing geopolitical tensions and are viewed as part of the broader Санкции в связи с украинскими событиями 2014 года that have targeted Russias economy since 2014.