China Buys Russian Oil

The situation became more complicated after a temporary US Treasury waiver expired on June 17, 2026. The waiver had allowed India's purchase of Russian crude without attracting sanctions. Its expiry has left India's in a legal grey zone.

A Russian oil-laden tanker that was bound for China has U-turned in the South China Sea, and is now hurrying to India after New Delhi began doubling down on imports from Moscow.

Russian crude oil and fuel on about 30 tankers in Asian waters is potentially available for purchase after the US granted a temporary waiver to buy cargoes that were already at sea.

India and the United States have agreed to a trade deal under which Washington will slash its tariff on Indian goods to 18 per cent from the current 50 per cent in exchange for New Delhi halting Russian oil purchases and lowering trade barriers.

China and India are the "primary funders" of the Ukraine war by continuing to purchase Russian oil, US President Donald Trump said on Tuesday in his address to the UN General Assembly.

Russian Foreign Minister Sergei Lavrov has criticised US rhetoric on tariffs and said that such pressure will not succeed and "ancient civilisations" such as India and China will not yield to ultimatums.

Stressing that "the free world must act, and America must lead," Republican Senator Lindsey Graham on Saturday said he and Congressman Brian Fitzpatrick will move forward with legislation to authorise US President Donald Trump to impose tariffs

US President Donald Trump on Saturday said that the Russia-Ukraine war would end if NATO countries stopped buying Russian oil. He also threatened to impose 50-100 per cent tariffs on China for its purchase of petroleum from Russia.

The U.S. Treasury on Friday called on Group of Seven and European Union allies to impose "meaningful tariffs" on goods from China and India to halt their purchases of Russian oil.

US President Donald Trump has reportedly asked the EU to join the United States in slapping tariffs up to 100 per cent on India and China as part of their so-called collective effort to increase pressure on Moscow to end the war in Ukraine.

U.S. President Donald Trump urged EU officials on Tuesday to hit China with tariffs of up to 100% as part of a strategy to pressure Russian President Vladimir Putin, according to a U.S. official and an EU diplomat.

China's Ambassador to India, Xu Feihong, on Monday criticised the United States for using tariffs as a trade weapon, calling the 50 percent tariff on India "unfair, unreasonable" and stating that China firmly opposes it.

US President Donald Trump on Friday responded to his Truth Social post claiming that US has "lost India and Russia to China," saying he does not believe that has happened.

US Commerce Secretary Howard Lutnick said that despite India owning a strong stance against giving in to US pressure to not buy Russian oil, it will eventually come back to make a trade deal with Washington in a few months.

US President Donald Trump urged European countries Thursday to put economic pressure China because of its support for Russia's invasion of Ukraine, the White House said.

The situation became more complicated after a temporary US Treasury waiver expired on June 17, 2026. The waiver had allowed India's purchase of Russian crude without attracting sanctions. Its expiry has left India's in a legal grey zone.

A Russian oil-laden tanker that was bound for China has U-turned in the South China Sea, and is now hurrying to India after New Delhi began doubling down on imports from Moscow.

Russian crude oil and fuel on about 30 tankers in Asian waters is potentially available for purchase after the US granted a temporary waiver to buy cargoes that were already at sea.

India and the United States have agreed to a trade deal under which Washington will slash its tariff on Indian goods to 18 per cent from the current 50 per cent in exchange for New Delhi halting Russian oil purchases and lowering trade barriers.

China and India are the "primary funders" of the Ukraine war by continuing to purchase Russian oil, US President Donald Trump said on Tuesday in his address to the UN General Assembly.

Russian Foreign Minister Sergei Lavrov has criticised US rhetoric on tariffs and said that such pressure will not succeed and "ancient civilisations" such as India and China will not yield to ultimatums.

Stressing that "the free world must act, and America must lead," Republican Senator Lindsey Graham on Saturday said he and Congressman Brian Fitzpatrick will move forward with legislation to authorise US President Donald Trump to impose tariffs

US President Donald Trump on Saturday said that the Russia-Ukraine war would end if NATO countries stopped buying Russian oil. He also threatened to impose 50-100 per cent tariffs on China for its purchase of petroleum from Russia.

The U.S. Treasury on Friday called on Group of Seven and European Union allies to impose "meaningful tariffs" on goods from China and India to halt their purchases of Russian oil.

US President Donald Trump has reportedly asked the EU to join the United States in slapping tariffs up to 100 per cent on India and China as part of their so-called collective effort to increase pressure on Moscow to end the war in Ukraine.

U.S. President Donald Trump urged EU officials on Tuesday to hit China with tariffs of up to 100% as part of a strategy to pressure Russian President Vladimir Putin, according to a U.S. official and an EU diplomat.

China's Ambassador to India, Xu Feihong, on Monday criticised the United States for using tariffs as a trade weapon, calling the 50 percent tariff on India "unfair, unreasonable" and stating that China firmly opposes it.

US President Donald Trump on Friday responded to his Truth Social post claiming that US has "lost India and Russia to China," saying he does not believe that has happened.

US Commerce Secretary Howard Lutnick said that despite India owning a strong stance against giving in to US pressure to not buy Russian oil, it will eventually come back to make a trade deal with Washington in a few months.

US President Donald Trump urged European countries Thursday to put economic pressure China because of its support for Russia's invasion of Ukraine, the White House said.