China’s imports of Russian oil near record high in March

https://www.voanews.com/a/china-s-imports-of-russian-oil-near-record-high-in-march/7578128.html

Russia remained China’s top oil supplier in March, data showed Saturday, as refiners snapped up stranded Sokol crude shipments. China’s imports from Russia, including supplies via pipelines and sea-borne shipments, jumped 12.5% on the year to 10.81 million metric tons, or 2.55 million barrels per day (bpd) last month. Seven Russian tankers under sanctions offloaded Sokol cargoes in Chinese ports in March, as Russia worked to clear a glut of stranded supply in the wake of tightened U.S. sanctions..Additionally Russia was China’s top supplier throughout 2023, shipping 2.14 million bpd despite Western sanctions and a price cap following the Kremlin’s 2022 invasion of Ukraine.

In my opinion this increased relationship between Russia and China can have various implications. It could strengthen economic ties between the two countries, such as increased trading, seen by the articles. Additionally, it may have geopolitical implications, potentially shifting the balance of power in certain regions. Furthermore, closer cooperation between Russia and China could impact global politics and influence international relations.

This article relates to our international relations class as it discussed how international relations between countries affect economic policies. Additionally economic policies playa significant role in international relations by influencing trade agreements, diplomatic ties, and global economic stability. In the case of Russia and China, both states use economic policies to promote their interest and establish partnerships. By implementing strategic economic policies countries like Russia and China can enhance their position in the international arena.

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