US sanctions on Russian oil are expected to significantly impact China and India.

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Oil tanker Eagle S anchored near the Kilpilahti port in Porvoo, on the Gulf of Finland January 7, 2025.

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Lehtikuva/Antti Aimo-Koivisto通过路透社

Analysts have stated that the latest US sanctions targeting Moscow's oil industry will significantly restrict Russian fossil fuel exports to both India and China.

Beijing and New Delhi became the largest buyers of Russian crude after the European Union pulled back following the invasion of Ukraine.

The new sanctions — Washington’s toughest yet — will likely force New Delhi and Beijing to look to the Middle East, Africa, and the Americas for alternatives, Reuters reported: One Singapore-based trader said Russian crude shipments to China are “going to drop off a cliff.”

The impending scramble will almost certainly push up both oil and shipping prices, Russian economy outlet The Bell wrote, as the outgoing Biden administration has “nothing to lose” politically from the fallout.