U.S. Warns China Against Buying Russian Oil

Washington is stepping up pressure on Beijing.

The US has warned Chinese officials about the consequences of buying oil from Russia. Beijing insists on its sovereignty.

U.S. Treasury Secretary Scott Bessent said this, according to Reuters.

The talks between the U.S. and Chinese delegations were held in Stockholm and lasted two days. Bessent said the U.S. side also expressed displeasure over China's purchases of Iranian oil and exports of more than $15 billion worth of dual-use goods to Russia.

The U.S. is increasing pressure on Beijing

"So I think anybody who buys sanctioned Russian oil should be prepared for that," Bessent said at a news conference.

He also reminded that the U.S. Congress is preparing measures that would lead to the imposition of the same tariffs by allies around the world.

President Donald Trump on Monday shortened the deadline for Moscow to make progress in peace talks on Ukraine. Otherwise, the U.S. will impose secondary duties of 100 percent on buyers of Russian oil in 10 days.

China's response and stance on energy

Bessent said China responded that it is a sovereign state and will be guided by domestic policies on energy issues.

"The Chinese take their sovereignty very seriously. We don't want to infringe on it, so they are ready to pay 100 percent duty," he added.

China remains the largest buyer of Russian oil - about 2 million barrels per day. India and Turkey come next.

China risks losing Europe's trust

Bessent also said he warned Vice Premier He Lifeng about the risk to China's trade relations with Europe. The reason is the continued supply of goods to Russia that could be used for military purposes.

"I pointed out to them that it seriously harms their image in Europe. In the eyes of Europeans, China is involved in a war on Europe's border," he said.

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