Chinese Refiners Seek Government Help To Keep Russian Oil Flowing ...Middle East

OILPRICE - Economy
Chinese Refiners Seek Government Help To Keep Russian Oil Flowing
source : OILPRICE ( Middle East ) () 23
Chinese state refiners have sought help from the country’s government to secure the continued flow of Russian crude oil after EU sanctions on the commodity enter into effect next month, according to unnamed sources cited by Bloomberg. The sanctions—part of an EU embargo on Russian crude—are coordinated with the G7 price cap on Russian oil exports, and involve a ban on the financing, shipping, and insurance of Russian oil cargoes to any country that does not comply with the cap, which has yet to be set. According to the Bloomberg…

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