Here’s a summary of the latest news (as of November 2025) on the “trade war” / sanctions between the USA and Russia — and some of the key dynamics:

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Key Developments

1. New U.S. Sanctions on Russian Oil Companies

The U.S. Treasury recently imposed strong sanctions on major Russian oil companies Rosneft and Lukoil.

These are among the most aggressive sanctions since February 2022, under Trump’s return to office.

The goal: reduce Russia’s oil revenue, which funds its war effort.

There’s a deadline: companies must wind down dealings with Rosneft and Lukoil by November 21, or face exclusion from the U.S. dollar financial system.

According to U.S. Treasury, these sanctions are already having effect: key Russian crude (like Urals) has dropped to very low prices.

2. Impact on India’s Oil Imports from Russia

Because of the U.S. sanctions, India’s crude imports from the sanctioned Russian firms have plunged.

Some Indian refineries are now more cautious about dealing with Rosneft and Lukoil.

Separately, Indian company Reliance Industries has announced that from Dec 1, all its refined exports will be made from non-Russian crude.

This is seen as a concession to U.S. and EU pressure.

3. U.S. Push on G7 / Global Pressure

The U.S. is pushing G7 countries to impose secondary tariffs (possibly up to 100%) on China and India for buying Russian oil.

This is part of a broader strategy: to squeeze Russia by targeting not just its exports, but also the “enablers” (countries that continue to buy its oil).

4. Broader Sanctions Package

Besides oil-specific measures, a new sanctions package includes:

Export controls on “dual-use” goods / advanced technologies that could help Russia’s industrial capacity. #USATradeWar #RussianExports #USACryptoTrends