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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Russia Becomes The Biggest Supplier Of "Black Gold" To China - (267 Views)
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Russia Becomes The Biggest Supplier Of "Black Gold" To China - by bn365: 12:22pm On Jun 20, 2022 |
The Russian Federation has become the leader among all exporters of crude oil to China, followed by Saudi Arabia. Moscow supplies "black gold" to China both by sea and via the Eastern Siberia-Pacific Ocean pipeline. Such dynamics is motivated by a large discount provided by Russian suppliers to Chinese buyers due to massive sanctions against Russian oil exports. Thus, the volume of oil imports from Russia in May 2022 amounted to about 8.42 million tons of fuel, which is equivalent to 1.98 million barrels per day. May figures, according to the agency, are 25% higher than in April. India also significantly increased purchases of coal and oil from Russia despite sanctions "Russian traders have been liberal with payment methods and accept payments in Indian rupees and United Arab Emirates dirhams. The discounts are attractive and this trend will continue," a source said. 3 Likes |
Re: Russia Becomes The Biggest Supplier Of "Black Gold" To China - by seunny4lif(m): 1:07pm On Jun 20, 2022 |
Russia is the second largest exporter of oil to India Russia is now the largest exporter of oil to China Japan said NO to Ukraine and USA, when told to stop Russia gas deal to Japan, because Japanese government said no country can offer that for them. USA removed sanctions on Russia banks because it’s important to USA. Even now German government is running up and down to get NS1 back as it looks like Russia don’t care again. China have increased Coal imports from Russia India have done same it. Finland have increased its imports of Russia LG because no other nations can supply at price rate of Russia. When you have wheat, Gas, fishes and oil then you have everything just like Russia is blessed with all. Ladies and gentlemen, Africa leaders need to learn from this. Set your rules and either up or down because Who controls oil, gas and foods, controlled everything. 9 Likes 1 Share |
Re: Russia Becomes The Biggest Supplier Of "Black Gold" To China - by seunny4lif(m): 3:11pm On Jun 20, 2022 |
Gustavo Petro wins the presidential elections in Colombia. The revenge of history He is pro Venezuela and he is against USA sanctions on Venezuela 4 Likes |
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