SS: The US, EU, and UK have imposed sanctions on Russia’s major oil companies, Rosneft and LUKoil, aiming to curb funding for the Ukraine war. Experts suggest the sanctions‘ short-term impact will be limited, as Russia has prepared alternative systems and uses yuan and rubles for many oil trades. China and India remain key buyers of Russian oil. Although India is showing signs of reducing imports, China’s response remains uncertain.
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Wait, NOW we are sanctioning Russian oil? I thought it was a done while ago
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SS: The US, EU, and UK have imposed sanctions on Russia’s major oil companies, Rosneft and LUKoil, aiming to curb funding for the Ukraine war. Experts suggest the sanctions‘ short-term impact will be limited, as Russia has prepared alternative systems and uses yuan and rubles for many oil trades. China and India remain key buyers of Russian oil. Although India is showing signs of reducing imports, China’s response remains uncertain.
Wait, NOW we are sanctioning Russian oil? I thought it was a done while ago