ReferIndia News Russian oil: US official says India-China banks are ‘complying’ with sanctions

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Russian oil: US official says India-China banks are ‘complying’ with sanctions

Published on: Nov. 21, 2025, 11:47 a.m. | Source: The Financial Express

US Treasury official confirms Indian and Chinese firms following US sanctions on Russian imports. Sanctions have reduced Russian oil prices, hindering funding for war in Ukraine. Top buyers from India and China are avoiding Russian oil purchases. Trump plans to impose 500% tariffs on imports from countries still doing business with Russia. | financialexpress.com

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