Ukraine invasion: how much Russian oil will China soak up after the US, Britain announce embargo?

Source: China – South China Morning PostChina’s ability to absorb more Russian oil is limited in the short term due to payment issues, but discounted crude shunned by other buyers could become increasingly attractive if inflationary pressure mounts this year, experts said.Western sanctions on Russia have escalated following its invasion of Ukraine, with the United States and Britain announcing bans on Russian oil imports on Tuesday, though the European Union, which relies heavily on Russian energy products, has not followed suit.The…Read More

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