US Seeks to Punish Russian Oil Buyers While Still Importing from Moscow
· World · NDTV, India Today
Since January 2023, China has been Russia's largest fossil fuel buyer, accounting for 35.3 per cent of Russia's fossil fuel exports, according to data from the Centre for Research on Energy and Clean Air (CREA). The United States, while advocating sanctions on Russian oil to punish buyers, continues to import Russian fossil fuels itself. This contradiction highlights a gap between US policy rhetoric and its actual energy purchases. The CREA data underscores China's dominant role in sustaining Russia's energy revenue amid Western sanctions. The report does not specify the volume or value of US imports from Russia during this period.
Why it matters
Global energy markets are affected as major economies like the US and China continue to fund Russia's war effort through fossil fuel purchases. Indian consumers may face indirect impacts via global oil price volatility linked to sustained Russian energy exports.
Read the original report — NDTV
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