China rejected US threats and defended imports of Russian oil: what is known.

China stated that imports of Russian oil are justified, dismissing US threats regarding new tariff rates. Meanwhile, the State Bank of India is already calculating losses following the refusal to purchase Moscow's oil.

Why China will buy Russian oil

The Chinese Ministry of Foreign Affairs released a statement indicating that Beijing considers it a legitimate right 'to engage in normal economic, trade, and energy cooperation with all countries of the world, including Russia.' The ministry noted that China, despite US tariffs, will continue to adopt reasonable energy security measures in line with its national interests.

India calculates losses

Meanwhile, the State Bank of India has calculated that the refusal to purchase Russian oil in 2025 will cost the country an additional $9 billion, and in 2026, already $12 billion. The price of oil for New Delhi will increase by approximately 10%, leading to a rise in prices for 1.4 billion residents. Interestingly, India has not imposed an official ban on imports from Russia, but state-owned companies and refineries have begun searching for alternative oil supplies.

China stated the justification for importing Russian oil while ignoring tariff threats from the US, meanwhile India assesses potential losses from refusing oil from Russia. By the end of 2025, India could lose an additional $9 billion, and by 2026 already $12 billion.