China, Russia and Urals oil
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18hon MSN
How hard will Trump’s ‘tremendous’ Russian oil sanctions hit Moscow? China and India may decide
The impact of President Donald Trump’s attempt to financially choke Moscow’s war machine by imposing sanctions on Russian oil firms was instant; not on the battlefield in Ukraine, but in the offices of oil traders in India and China,
The price of a key Russian oil grade has plunged after Western sanctions prompted Chinese refiners to cancel some purchases.
China's commerce ministry on Monday vowed to "resolutely safeguard legitimate rights and interests of Chinese companies" after the UK imposed Russia-related sanctions on 11 Chinese firms earlier in October.