President Trump has imposed secondary sanctions on India to cut off funds for Moscow’s war. The crackdown on Russian oil trade is expected to have a significant impact on the global market. Besides their tough diplomatic rhetoric, will China and India make any concessions? Germany’s voice website reported that the US president threatened to impose secondary sanctions, and China and India responded firmly. Both countries purchase crude oil from Russia, which is a key financial pillar for Moscow in the Ukraine conflict.
Beijing accused the US of coercion as China became Russia’s largest recipient of oil in 2022. India, on the other hand, criticized the West as hypocritical, noting that EU countries continue to import Russian energy despite significantly reducing their dependence after the Ukraine war. From 2021 to 2024, India’s oil imports from Russia increased nearly 19 times, reaching 1…
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