World · India Bureau
US Sought European Sanctions Against India and China Over Russian Oil
US Treasury Secretary Scott Bessent has revealed that Washington pressed European allies to impose sanctions on India and China for purchasing Russian oil. The proposal was rejected by European partners.
LSN India ·
United States Treasury Secretary Scott Bessent disclosed that the Biden administration had appealed to European nations to implement sanctions targeting India and China over their continued purchases of Russian petroleum products.
The revelation underscores ongoing tensions within the Western alliance over how to respond to Russia's energy exports following international sanctions imposed after Moscow's invasion of Ukraine. The US has maintained a more hardline stance on restricting Russian energy supplies globally, while European nations have pursued a more selective approach.
According to Bessent's statement, European partners declined to support the proposed sanctions regime against New Delhi and Beijing. The refusal reflects the complex diplomatic balancing act European nations must undertake, given their economic ties with both India and China and the significant role both countries play in global energy markets.
India and China have significantly increased their purchases of discounted Russian crude oil since Western sanctions were implemented, providing crucial financial relief to Moscow's economy. However, European governments have been reluctant to extend sanctions to major Asian trading partners, citing concerns about economic repercussions and the effectiveness of such measures.
The disclosure highlights differing strategic priorities between Washington and its European allies regarding the scope and enforcement of anti-Russia sanctions.