---
title: "Chinese Oil Majors Halt Russian Crude Purchases Following New US Sanctions"
publisher: "Share Talk"
author: "sharetalk"
published: "2025-10-23T14:44:38+00:00"
modified: "2025-10-23T14:44:38+00:00"
date: 2025-10-23
canonical: "https://www.share-talk.com/chinese-oil-majors-halt-russian-crude-purchases-following-new-us-sanctions/"
category: "Blogs"
categories: ["Blogs", "Energy"]
tags: ["china", "Chinaoil Hong Kong", "chinese", "EU", "European Union", "India", "Liaoyang Petrochemical", "PetroChina", "refineries", "Russian crude", "Shandong Yulong Petrochemical", "USA"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/03/oil-friday-6-oct-750x406-1.webp?fit=750%2C406&quality=80&ssl=1"
format: "news"
language: "en-GB"
---

# Chinese Oil Majors Halt Russian Crude Purchases Following New US Sanctions

**Published:** October 23, 2025
**Author:** sharetalk
**Categories:** Blogs, Energy
**Tags:** china, Chinaoil Hong Kong, chinese, EU, European Union, India, Liaoyang Petrochemical, PetroChina, refineries, Russian crude, Shandong Yulong Petrochemical, USA
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/03/oil-friday-6-oct-750x406-1.webp?fit=750%2C406&quality=80&ssl=1)

---

**Reuters** reports that **China’s state-owned oil companies** have **suspended purchases of seaborne Russian oil** following the **latest US sanctions** on **Rosneft** and **Lukoil**, Russia’s two largest oil producers.

The decision marks a major escalation in the impact of Washington’s measures, as **China and India** have been among the **biggest buyers of Russian crude** since Western sanctions were first imposed after Moscow’s invasion of Ukraine.

According to Reuters, **Indian refiners** — the **largest importers of seaborne Russian oil** — are also preparing to **significantly cut crude purchases from Moscow** to comply with the **new restrictions**.

The sudden pullback by both **China and India** is expected to deliver a **serious blow to Russia’s oil revenues**, forcing Moscow to seek **alternative markets** or sell at **steeper discounts**.

Analysts warn that reduced demand from Russia’s two largest customers could also **tighten global supply**, driving **upward pressure on oil prices worldwide** as major importers scramble to secure new crude sources.

### **EU Adds Chinese Refiners and PetroChina Trading Arm to Russia Sanctions List**

In another major escalation in the **global oil market**, the **European Union** has **added two Chinese refineries** and a **PetroChina trading subsidiary** to its **Russia sanctions list**, according to the bloc’s **Official Journal** published on Thursday.

The sanctions target **Liaoyang Petrochemical** and **Shandong Yulong Petrochemical**, which together have a **combined refining capacity of 600,000 barrels per day (bpd)** — around **3% of China’s total 19 million bpd refining capacity**.

Also sanctioned was **Chinaoil Hong Kong**, a **trading arm of PetroChina**, which has been a key intermediary in the global oil trade.

The move comes amid tightening Western measures against entities accused of **circumventing sanctions** on Russian oil exports. It follows the **US decision to impose sanctions on Rosneft and Lukoil**, which has already prompted **Chinese and Indian refiners** to **suspend or reduce purchases of Russian crude**.

Analysts say the EU’s latest action could further **disrupt Russian oil flows**, strain **China’s refining sector**, and contribute to **upward pressure on global crude prices**, as markets adjust to the widening scope of energy sanctions.

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