US Sanctions Squeeze Russian Oil Sales While China and India Take Different Paths

US sanctions on Russian oil are causing delays and rejections of money transfers for Russian oil firms, putting pressure on Russia's oil industry.

India has cut back sharply on imports of Russian oil to avoid issues with US sanctions, instead importing from other sources.

China remains the top buyer of Russian oil, with March imports nearing record highs. Overall Asian imports of Russian oil hit 10-month highs in March.

Pakistan had previously considered importing discounted Russian oil but appears to have backed off due to US pressure, while the US takes a more relaxed stance toward India's imports.

Tightening sanctions provide Pakistan an opportunity to benefit from discounted Russian oil, but the US discourages this while allowing India exceptions, a contrast in policy.