US Official: Chinese and Indian Banks and Refineries Adjusting to Meet Russia Sanctions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 20 2025
0mins
Source: Reuters
U.S. Sanctions on Russian Oil Companies: The U.S. Treasury has imposed sanctions on Lukoil and Rosneft to reduce revenue for Russia amid its ongoing war in Ukraine.
Compliance from China and India: Chinese and Indian banks and refineries are taking steps to comply with these U.S. sanctions, recognizing the importance of maintaining relationships with Western nations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
