OilPrice.com: U.S. Sanctions Can’t Keep China From Buying Russian Oil
* China has decades of experience in circumventing Western sanctions.
* China will be able to work around sanctions and other difficulties in buying Russian crude oil.
* Infrastructural development for oil and gas trading between China and Russia have been extremely extensive in recent years.
China has proven with Iran that it has much practice and great skill in working around sanctions, and the U.S. has made it even easier to do so in the case of Russia in several ways, including leaving gaping loopholes in its sanctions that China and Russia can exploit.
The current ambiguity surrounding these mechanisms suits China perfectly, as until it believes that it is militarily, technologically, and economically able to directly challenge the U.S. as the world’s number one superpower.
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WNU Editor: I understand China is getting a discount on new oil purchases from Russia. If true, China will definitely buy its oil from Russia. Why pay top price on the world market?
Update: I am not surprised by this Bloomberg report. In the long time these investments are going to pay off .... China considers buying stakes in Russian energy, commodity firms (Bloomberg).
1 comment:
In the long TERM these investments are going to pay off .
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