October 25, 2025

Reuters. Chinese state oil majors have suspended purchases of seaborne Russian oil after the United States imposed sanctions on Rosneft and Lukoil, Moscow’s two biggest oil companies, multiple trade sources said on Thursday.   The move comes as refiners in India, the largest buyer of seaborne Russian oil, are set to sharply cut their crude…

Reuters. Hungary is working to find a way to circumvent U.S. sanctions on Russian oil companies, Prime Minister Viktor Orban said on Friday (October 24), without giving details but giving no indication that he planned to defy the restrictions.   U.S. President Donald Trump, a close ally of the Hungarian leader, on Wednesday imposed sanctions…