The global oil chessboard is being reshaped — and this time, the moves are driven not by OPEC or Moscow, but by Washington. As President Donald Trump unleashes sweeping sanctions on Russia’s two largest oil giants, Rosneft and Lukoil, the ripple effects are being felt most sharply in India and China — two Asian powers that have built their post-Ukraine-war energy strategies around cheap Russian crude.Both nations now find themselves caught between economic necessity and American pressure. Together, they buy nearly five of every six barrels that Russia exports — a level of dependence that makes disengagement risky and costly. Yet, as Trump ramps up tariffs and secondary sanctions, the pressure on New Delhi and Beijing is rising fast.

The Financial Noose Tightens

The U.S. sanctions, coveri

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