US Sanctions Russia’s Energy Giants to Nudge India and China Towards West’s Costlier Crude

Oct 23rd 2025 9:33am EDT

By freezing Rosneft and Lukoil’s US assets—and warning foreign banks that transact with them of secondary sanctions—America is weaponizing its financial clout to “distort” global markets, believes energy geo-economics expert Dr. Hriday Sarma.

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