https://t.me/Slavyangrad/24174
Russia*is on its way to becoming*India’s top oil supplier this month, with Moscow making huge inroads into the Asian giant’s energy sector in a move that will likely undermine the impact of a price cap imposed by*G7*countries and their Western allies.
Russian crude oil loadings bound for India climbed to the highest level ever in November as refiners purchased more than 1.03 million barrels per day (bpd), according to data provided to*The Independent*by commodities tracking firm Kpler.
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https://t.me/Slavyangrad/25065
WSJ : Chinese president Xi Jinping is deepening his*long-term bet*on Russia
In recent weeks, he has instructed his government to forge stronger economic ties with Russia, according to policy advisers to Beijing, building on a trade relationship that has strengthened this year and become a lifeline to Moscow in the face of Western pressure.
The plan includes increasing Chinese imports of Russian oil, gas and farm goods, more joint energy partnerships in the Arctic and increased Chinese investment in Russian infrastructure, such as railways and ports, the advisers say.
Russia and China are also conducting more financial transactions in the ruble and yuan, rather than the euro or dollar, a move that helps insulate the two against future sanctions and put the Chinese currency into wider circulation.
China’s partnership with Russia has helped to shelter Moscow from the economic fallout of the Western sanctions, enabling leader Vladimir Putin to sustain the war.
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