Since taking office for the second time early this year, U.S. president Donald Trump has warned, pressured, and threatened India against buying Russian oil in an effort to push Vladimir Putin to negotiate an end to the war in Ukraine. Now, nearly 10 months in, he appears to have finally forced India’s hand with sanctions on two of Russia’s largest oil producers.
The latest American sanctions on Rosneft and Lukoil, which together account for over 5 per cent of the world’s oil output, have jolted the global oil market – and put Delhi in a difficult position.
