China, India curb Russian oil purchases after Trump sanctions Rosneft, Lukoil

China, India curb Russian oil purchases after Trump sanctions Rosneft, Lukoil

China and India are pulling back from buying Russian oil after President Trump sanctioned two of Moscow’s biggest exporters Wednesday. Reuters reported Thursday that Chinese state-run petroleum firms PetroChina, Sinopec, CNOOC and Zhenhua Oil had suspended purchases of seaborne Russian oil after the Treasury Department announced sanctions on Rosneft and Lukoil, citing Moscow’s “lack of serious commitment…

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