President Trump threatens tariffs on India over Russian crude imports while the EU plans to cut off gas imports in two years. Russia still exports oil and gas to the EU. China remains the largest buyer of Russian crude despite U.S. pressure. China’s defiance may be a negotiating tactic with the U.S.

India, the second-largest buyer of Russian crude after China, faces pressure to stop imports. Indian government denies making promises to halt Russian oil purchases. Russia’s energy export revenues have halved since 2022, but volumes remain strong, including to the EU.

The EU aims to ban all Russian natural gas imports by 2027, despite opposition from member states like Hungary and Slovakia. EU was the largest buyer of Russian LNG in September. China and India expected to increase Russian energy imports due to lower prices and discounts.

China and India likely to import more Russian energy commodities as international prices drop. November imports expected to be strong. December may show effects of sanction push, but energy security remains a priority. Russia continues to export energy despite geopolitical tensions.

Read more at Yahoo Finance: Russian Oil Keeps Flowing Despite U.S. and EU Pressure