Western oil sanctions helped China save billions of dollars – Reuters  ...News

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Western oil sanctions helped China save billions of dollars – Reuters 
source : Russia Today ( News ) () 38
Beijing's lower costs of importing crude are an unintended consequence of the restrictions on Russia, Iran, and Venezuela, the outlet has said China has managed to save billions of dollars this year through record imports of discounted crude oil from countries under Western sanctions, according to a Reuters report based on data from ship-trackers and traders.   According to the outlet, purchases from Russia, Iran, and Venezuela have likely helped Beijing save about $10 billion as international crude prices have surged since July due to tightening supply.   “An unintended consequence of sanctions imposed by the Uni

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