U.S. decision to sanction Russia's two largest oil companies threatens to disrupt the energy lifeline of India and China, industry experts said.

U.S. decision to sanction Russia's two largest oil companies threatens to disrupt the energy lifeline of India and China, industry experts said.

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The new measures target Moscow's ability to fund its war machine, the US Treasury said.

The Trump administration could take an even harder line on Russia next year as the crude market faces a looming surplus.

Reliance cutting back on Russian crude import may impact the firm, but could smooth the way for a U.S.-India trade deal.

Last year, Reliance Industries Ltd signed a deal with Russian major Rosneft to import nearly 500,000 barrels per day.