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International
US Reports Europe Refused to Sanction China, India Over Russian Oil
✍️ The Economic Times
🗓 19 Oct 2026, 06:21 AM
👁 9
The United States said that European nations declined to impose sanctions on China and India for their purchase of Russian oil, according to a statement from the U.S. Treasury.
The U.S. Treasury Department released a statement today confirming that European countries have decided not to impose sanctions on China and India for their continued purchase of Russian oil.
The decision comes amid ongoing discussions in Washington about how to curb Russia’s energy revenues. While the U.S. has imposed a range of sanctions on Russian oil exports, it has urged allies to follow suit.
European officials cited concerns over market stability and the potential impact on global oil supplies as reasons for their refusal. The statement noted that the EU would monitor the situation closely.
The move is seen as a setback for U.S. efforts to isolate Russia economically and may influence future diplomatic negotiations on energy policy.
The decision comes amid ongoing discussions in Washington about how to curb Russia’s energy revenues. While the U.S. has imposed a range of sanctions on Russian oil exports, it has urged allies to follow suit.
European officials cited concerns over market stability and the potential impact on global oil supplies as reasons for their refusal. The statement noted that the EU would monitor the situation closely.
The move is seen as a setback for U.S. efforts to isolate Russia economically and may influence future diplomatic negotiations on energy policy.