The President's Daily Brief October 24th, 2025: China Pulls the Plug on Russian Oil & Europe Bankrolls Ukraine
10 snips
Oct 24, 2025 China's top oil companies have paused purchases of Russian crude, striking a potentially devastating blow to Moscow amid U.S. sanctions. Meanwhile, Israeli Prime Minister Netanyahu has halted West Bank annexation plans after a rebuke from the U.S. Lastly, the European Union is set to fund Ukraine for the next two years, considering using frozen Russian assets to support the effort. In related news, Israel intensifies its military response to Hezbollah with airstrikes on key sites.
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China Halts Seaborne Russian Crude
- China's state oil giants paused seaborne purchases of Russian crude after U.S. sanctions on Rosneft and Lukoil.
- That pullback from China and India could cost Moscow billions and sharply reduce Kremlin war funding.
Sanctions Cut Russia's Energy Lifeline
- Blacklisting Rosneft and Lukoil severs them from shipping, banking, and insurance systems and pressures global buyers.
- Losing seaborne flexibility limits Russia's ability to redirect crude and strains its export revenue vital to the federal budget.
Annexation Vote Sparks U.S.-Israel Clash
- Israel's Knesset advanced West Bank annexation bills, prompting Vice President J.D. Vance to call the move insulting during his visit.
- Netanyahu froze the bills after U.S. officials warned annexation would jeopardize the U.S.-brokered Gaza ceasefire and regional support.