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U.S. SANCTIONS ARE A JOKE | CHINA SAVED $10 BILLION BY BUYING CHEAP OIL FROM SANCTIONED EXPORTERS
Venezuela, Iran, and Russia are all under sanctions and made up 25% of overall Chinese crude oil purchases in the first nine months of 2023.

Russia's discounted oil has been snapped up by China and India this year, overtaking imports of oil from Saudi Arabia.

China has also boosted imports of crude from Iran, amid increased competition with India for cheap Russian oil and a more lenient U.S. sanction enforcement on Iranian oil trade so far this year.
https://www.zerohedge.com/...
5 months ago

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