Amid escalating tensions in the Ukraine conflict, the United States and the United Kingdom have intensified their efforts to persuade India and China to reduce their reliance on Russian oil. US President Donald Trump announced that Indian Prime Minister Narendra Modi had pledged to cease Russian oil imports, a claim swiftly refuted by India’s foreign ministry, which stated it was unaware of any such conversation between the leaders. Indian officials, currently engaged in trade negotiations in Washington, face mounting pressure to curb Russian oil purchases as a condition for finalizing a trade deal. Meanwhile, British authorities imposed sanctions on major Russian oil firms, including Lukoil and Rosneft, as well as Chinese refiner Shandong Yulong Petrochemical and several port operators. Despite these measures, Russia remains confident, with Deputy Prime Minister Alexander Novak affirming continued cooperation with India. China has condemned the sanctions, labeling them as unilateral and unjustified. As geopolitical tensions rise, the global energy market braces for potential disruptions, with oil prices remaining stable for now.
