Russia Allows Chinese Banks To Buy Oil Without Letters Of Credit To Bypass Western Sanctions

Assessment: Thick as thieves. China and Russia have formed a economic partnership that will expedite trade between the two nations avoiding the US dollar … One week ago, Shell quietly purchased Russian seaborne crude (at a record discount of $28.50) amid a self-imposed boycott by most other Western purchasers of Russian energy products, only to spark widespread populist outrage over its indirect funding of the Putin regime and prompting a vow from the largest European

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