by Summary:
Moscow’s state-owned oil giant, Rosneft, signed a US billion 10-year deal to supply the China National Petroleum Corporation (CNPC) with 100 million metric tonnes of oil.This increase in crude oil delivery volumes and mechanisms to China is part of a broad-based strategy to circumvent to as great a degree as possible the effects of international sanctions against Russia.This multi-level cooperation strategy between Russia and China provides financing into Russia from China, regardless of possible sanctions from the U.S. and its alliesOilpriceRussia And China Ink Huge Oil Deals As Ukraine Tensions SoarSimon Watkins
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Moscow’s state-owned oil giant, Rosneft, signed a US billion 10-year deal to supply the China National Petroleum Corporation (CNPC) with 100 million metric tonnes of oil.This increase in crude oil delivery volumes and mechanisms to China is part of a broad-based strategy to circumvent to as great a degree as possible the effects of international sanctions against Russia.This multi-level cooperation strategy between Russia and China provides financing into Russia from China, regardless of possible sanctions from the U.S. and its alliesOilpriceRussia And China Ink Huge Oil Deals As Ukraine Tensions SoarSimon Watkins
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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- Moscow’s state-owned oil giant, Rosneft, signed a US$80 billion 10-year deal to supply the China National Petroleum Corporation (CNPC) with 100 million metric tonnes of oil.
- This increase in crude oil delivery volumes and mechanisms to China is part of a broad-based strategy to circumvent to as great a degree as possible the effects of international sanctions against Russia.
- This multi-level cooperation strategy between Russia and China provides financing into Russia from China, regardless of possible sanctions from the U.S. and its allies
Simon Watkins