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India and China Boost Russian Oil Imports Amid Crisis

8/5/2025

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Summary

Story summary

India and China are defying U.S. sanctions by ramping up imports of Russian oil, shaking up the global oil landscape. At the same time, Russia grapples with a domestic gasoline crisis as prices surge from drone strikes on refineries and an export ban. With supply shortages looming, the Kremlin may step in to restore balance.

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Story summary

India and China are defying U.S. sanctions by ramping up imports of Russian oil, shaking up the global oil landscape. At the same time, Russia grapples with a domestic gasoline crisis as prices surge from drone strikes on refineries and an export ban. With supply shortages looming, the Kremlin may step in to restore balance.