The Two Nations Have Agreed On A New Oil Deal That See's China Import 80% Of It's Oil From The Kremlin's Stash
Russia Becomes China's Majority Oil Supplier
The Chinese government has begun to import 70% of it's oil from their Northern ally Russia, making the Eurasian country the CCP's biggest oil provider.
money generated by the deal struck will undoubtedly be used to fund
Vladimir Putin's bloody war in Ukraine, something that has not gone
over the head of it's president Volodymyr Zelensky.
Chinese have as a result cancelled it's existing deal with Saudi
Arabia, commenting that: “It is both easier and cheaper to buy in
bulk from Russia and have it delivered to China by land, rather than
buying a tiny amount from the Saudis and risking the ship sinking or
being boarded by pirates who stalk the Red Sea”.
enemy to the south in the form of India has also taken the
opportunity to import cheap Russian oil.
the west boycotts Russian oil, the large stockpile has made Siberian
Crude drop in value, which though good in the eyes of the west, has
had the unintended side effect of that same cheap oil to be sold to
Putin's allies instead.
and the UN have put pressure on the Chinese and Indians to stop
buying Russian oil, both have refused this demand by the west.