7 Powerful Shifts as India Slashes Russian Oil Buys Ahead of U.S. Sanctions

India is drastically cutting Russian oil imports ahead of the November 21 U.S. sanctions deadline targeting Rosneft and Lukoil, signaling a seismic shift in global energy geopolitics.
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7 Powerful Measures: Trump Sanctions Russian Oil Giants After Nuclear Drills

The US has imposed sweeping sanctions on Russia’s two largest oil companies — Rosneft and Lukoil — following Moscow’s nuclear drills and collapse of a planned summit with President Vladimir Putin. Washington says the firms finance Russia’s war in Ukraine and urged allies to join in cutting off Kremlin revenue.
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US Treasury Chief Scott Bessent Warns of Strong Measures on Russia as Trump Pushes ‘Second Phase’ of Sanctions

US Treasury Secretary Scott Bessent warned that Washington is prepared to take strong measures against Russia over its war in Ukraine. Speaking after meetings with EU sanctions envoy David O’Sullivan, Bessent said “business as usual has not worked,” while Trump signaled readiness for a “second phase” of sanctions targeting Russian oil buyers.
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