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Impact of war: Beijing concerned about supply

Beijing has instructed key government authorities to ensure energy and commodity supplies even during Russia’s war against Ukraine, Bloomberg reports. According to the report, state buyers are to fill potential commodity supply gaps, such as oil and gas, iron ore, and grains, that could result in global markets as a result of the war. Ukraine is a major grain supplier to the People’s Republic. Imports from Ukraine account for a good five percent of Chinese production for some varieties. China obtains oil, gas, and coal from Russia, as well as industrial raw materials such as nickel, palladium, and aluminum.

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