USA wants to make oil prices cheaper for important trading partners. Russia says it has diverted almost all of its oil exports to China and India.
45 to 50 percent of Russian oil exports alone are delivered to China, and another 40 percent to India. India will also purchase 13 times as much Russian oil in 2023 as before the start of the Ukraine war. But India could restrict trade with Russia due to fears of sanctions. This would mean the loss of an important trading partner for Vladimir Putin. Despite sanctions, Putin is said to have made high profits in the oil and gas business.