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US Urges G7, EU to Penalise China, India for Buying Russian Oil

The United States has asked its partners in the G7 and the European Union to introduce tariffs on China and India, accusing them of propping up Moscow’s war in Ukraine by purchasing Russian crude at discounted rates.

The call was made during a G7 finance ministers’ meeting on Friday, chaired by Canadian Finance Minister Francois-Philippe Champagne. According to a statement from Canada, the discussions focused on stepping up sanctions against Russia, speeding plans to channel frozen Russian assets into Ukraine’s defence, and considering new trade restrictions on countries seen as aiding the Kremlin.

US Treasury Secretary Scott Bessent, backed by Trade Representative Jamieson Greer, urged G7 members to follow Washington’s lead. “Only by cutting off Putin’s revenue at the source can we apply enough pressure to end the war,” they said in a joint statement after the call.

The push comes as President Donald Trump raises tariffs on Indian imports by another 25 percent, doubling punitive duties to 50 percent. The move is intended to push New Delhi to reduce its Russian oil purchases but has already soured bilateral trade talks.

China, despite being a major buyer of Russian crude, has not faced fresh US tariffs as Trump maintains a fragile trade truce with Beijing. Bessent is due in Madrid for talks with Chinese Vice Premier He Lifeng covering trade issues, TikTok’s US future, and financial compliance.

Trump, speaking separately, voiced frustration with Vladimir Putin for prolonging the conflict. He suggested stronger sanctions on Russian banks and oil could still be considered but insisted Europe must also take tougher action.