20:55 27 Feb 2022

China has decided to suspend the purchase of Russian oil, — Bloomberg

Chinese companies have temporarily stopped purchasing oil from Russia, which is supplied by sea from Far Eastern ports.

This is reported by Bloomberg.

This halt is caused by the fact that the Chinese side wants to assess the possible consequences of Russia's military operation in Ukraine.

This is related to the problems on the refusal of a number of banks to open letters of credit to buyers of Russian oil, and Chinese traders are waiting for the situation with financing supplies to be clarified.

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