Published by Global Banking and Finance Review
Posted on October 28, 2025
2 min readLast updated: January 21, 2026
Russia defends its energy sales against U.S. sanctions, affecting India and China. Kremlin remains confident in its economic resilience.
MOSCOW (Reuters) -The Kremlin said on Tuesday that Russia offered top quality energy at a good price and so its partners would decide for themselves whether or not to buy Russian energy after the United States slapped sanctions on Russia's top oil companies.
The restrictions against Russia's oil majors forced country's second-largest oil producer Lukoil to declare the sale of its foreign assets.
With the sanctions, U.S. President Donald Trump is seeking to pressure Moscow into agreeing a ceasefire in Ukraine after peace talks hit a deadlock.
U.S. sanctions over Ukraine have already prompted Chinese state oil majors to temporarily suspend purchases of Russian crude, while Indian refiners — the largest buyers of seaborne Russian oil — are expected to sharply reduce their imports, according to industry sources.
"Any country has an interest in purchasing strategic commodities such as energy resources, in higher quality and in larger quantities, at a lower price. In this regard, Russian energy resources are highly competitive on international markets," Peskov told reporters.
"We are offering our own commodity. The commodity has a strategic meaning for many countries. It is competitive and attractive," Peskov said when he was asked about India and China, the largest buyers of the Russian oil.
Russian President Vladimir Putin said on Thursday that Moscow would never bow to pressure from the United States or any other foreign power.
Putin said that U.S. and Western sanctions were an "unfriendly" act and "will have certain consequences, but they will not significantly affect our economic well-being". Russia's energy sector feels confident, he said.
(Reporting by Dmitry AntonovWriting by Maxim Rodionov and Vladimir Soldatkin; editing by Guy Faulconbridge)
Russian energy refers to the oil and gas resources produced and exported by Russia, which are significant in the global energy market.
Lukoil is one of Russia's largest oil companies, involved in the exploration, production, and distribution of oil and gas.
Competitive pricing is a strategy where a company sets its prices based on the prices of its competitors to attract customers.
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