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For China, Russian oil price goes down, because Russia got no other buyers. And even before war Russia was selling that oil at loss. The more they sell to Chi
by trasz 5y ago
For China, Russian oil price goes down, because Russia got no other buyers. And even before war Russia was selling that oil at loss. The more they sell to China, the better to the west.
- FpUser 5y agoOr Russia could just say this is a price and either swallow it or fuck off. Oil price is already high and due to West not buying it from Russia competition increases. So China can either pay exorbitant prices to compete with the western buyers or just take some reasonable price from Russia. Win win for either. The West of course can get mad and start sanctioning China but nobody can really predict how / when / if this is going to play.