In search of customers for its oil, Russia apparently sells the raw material to China at a knockdown price. The People’s Republic is to receive a 35 percent discount, reports EU Trade Commissioner Valdis Dombrovskis, as quoted by Bloomberg. China has become a major buyer of Russian oil in recent years. Its share of China’s imports was already 15.4 percent in 2020.
Continue reading now
… and get free access to this Professional Briefing for a month.
Are you already a guest at the China.Table? Log in now