China's May oil imports from Russia soar to record high
While the West has sanctioned fuel imports from Moscow of its invasion of Ukraine, China's imports of oil from Russia rose to record highs. In May last month, China's crude oil imports from Russia soared 55 percent from a year earlier.
India's Fuel imports from Russia have gone up how much percentage from last year? (countries should take advantage and do what is best for their people imho)
At the end of day, India and China are two great neighboring nations... two big ass nations. Having constructive dialogue and meaningful argument is better than acting like enemies. Peace and Prosperity to all Asians!
US: We want all countries to refuse Russian oil
China: What about superpower countries!!!
Russia: shhh, not so loud China
Countries with the largest trade deficits (WTO 2020 in billion USD):
- USA = $552
- India = $197
- Turkey = $39
- Canada = $37
- Philipes = $31
- 美國= 552
- 印度= 197
- 加拿大= 37
- 菲律賓= 31
Serbia says EU’s oil embargo has already cost $600 million in higher prices. Inflation in Denmark hits 40 year high. Denmark is facing a natural gas supply crisis that could lead to a spike in domestic production costs and the closure of dozens of companies, Troels Ranis, industry director at the Confederation of Danish Industry warned on Thursday. German inflation nears 50-year peak. The UK is poised to enter a ‘household recession,’ as soaring prices weaken consumer confidence and force people to cut back on spending. The sanctions ag inst Russia have had a boomerang effect.
China, Russia, and other Asian Countries are building their strategic oil reserves.
While the West's strategic oil reserves are used for po itical reasons to keep prices from rising.
Moscow is making good money. Imagine still raking in Billion from Europe and improving trade with China and India
Fighting 7.5% inflation (more like 15%) with a 1% Fed funds interest rate is like stop a forest fire with a bucket of water. Folks prepare accordingly.
Both India and china are doing a great work, and we should continuously look after the interests of our people. Westners can whine as much as they want, but they won't be able to pressure us. Great work
Bravo China, a country looking after own citizens .
Zelensky got his own people in a war with absolutely NOTHING to gain. His ego and foolishness blinded him nearly provoking a World War. He should go back to the negotiation table BUT he won't because he loves the spotlight on himself too much
The real Super Power Country
the EU should learn about the terms " Mind your own business " in the case of Russia - Ukraine, they should just help the refugees and done.
India need to follow the footsteps of china and should drastically increase the import of oil and gas from Russia. But at the same time renewable energy output need to be increased. India should try to become self reliant in energy by 2045.
Chinese and Indian energy companies are making enormous profits from selling their discounted Russian gas and oil back to the EU and America at market rate prices.
The (US) United States call it "Liberation" instead of "Invasion". That was what US call it in Iraq, Afghanistan, Libya, Syria, Yemen, Somalia and the list goes on... Why the double standard? Confused.
India is Also importing record amounts of fuel from Russia...!
Gas in my California area is ~$7/gal...!
I can’t afford it... but work is ~12 miles away, so I have to drive ...!
The chest hybrid car is a corolla LE and it costs $~26k ( before taxes; etc...)!
Wish USA imported/produced more fuel!!!
reports coming in - the Chinese space program includes researching on space energy
China has ensured their people - with endless supply of affordable and clean energy !!!
Well like we said from the start..going to have to sanction china and people that buy from russia. They picked a side.. if you sanction china then people can't buy china and inflation will go down ;)
well done China.
No matter how much China buys what and from who. We have our eyes firmly fixed on India. On your actions.
This is worrying. If anything this looks like China is building its energy reserves for "something" and we just had news of them deploying a new aircraft carrier running on gas.
No matter what happens USA or China both are always able to get their way out
Severe fuel shortage in India. Some pump stations are closed. Better source more from Russia, a lot more.
That is what friend is for.
Now China is a investors hotspot.
Zelensky a spoiled brat and comedian
Friend in need is a friend indeed