06/15/22_Edi_

Despite the sanctions imposed on Russia following the attack on Ukraine, its most important export commodity is still flowing abroad unchecked. Europe also continues to purchase crude oil from Russia. However, while the EU wants to reduce its imports by 90 percent, China has now positioned itself as the most important buyer. In the spring, the country purchased around 1.6 million barrels of crude oil from Russia every day – and at hefty discounts, as Christiane Kuehl explains. With these imports, China primarily wants to replenish its strategic oil reserves. Once again, Beijing exploits global turmoil to its own advantage.