(Bloomberg) — US sanctions on Russia’s energy giants are sending shockwaves deep into the heart of China’s oil industry, where both state and private refiners face heightened pressure to keep up supplies while steering clear of penalties. As much as 20% of China’s crude imports — about 2 million barrels a day in the first…
China on Thursday defended its oil imports from Russia as legitimate and lawful, warning the US that it would take “firm countermeasures” if it imposed unilateral sanctions affecting Beijing’s interests. The US’s approach amounted to unilateral bullying and economic coercion, said Chinese foreign ministry spokesperson Lin Jian.(REUTERS file) The US’s approach amounted to unilateral bullying…
As Washington and its allies continue to slap sanctions related to Xinjiang on Chinese companies, citing allegations of human rights violations, a group of scholars is trying to challenge some of those claims, digging into their years of field research and networks of contacts in the far western autonomous region. Yet in their efforts to…
China’s President Xi Jinping has arrived in Urumqi to attend the 70th anniversary of the Xinjiang Uygur autonomous region, according to state media reports, making him the first national leader to attend such a landmark celebration. Established by the central government in October 1955, Xinjiang is one of China’s five autonomous regions with significant ethnic…
New Delhi: The United States along with the United Kingdom and France have for now thwarted a joint bid by Pakistan and China to proscribe the Balochistan Liberation Army and the Majeed Brigade under the UN 1267 terror sanctions regime, putting a technical hold on the proposal citing insufficient evidence to link the outfits to…
India and China are ancient civilizations that cannot be swayed by threats, according to Russian Foreign Minister Sergei Lavrov, who believes that pressure from the US will only cause both countries to seek alternatives, as per an PTI report. According to Lavrov, the US is also beginning to understand the “futility” of using ultimatums while…
Chinese scholars have criticised US-led sanctions over Xinjiang, saying their research showed the measures had resulted in long-term economic damage, including job losses. The findings, presented at an academic seminar in Hong Kong last month, offered one of the first aggregated assessments of the impacts of US sanctions imposed on Chinese companies over alleged human…
Russia’s military operations in Ukraine are being funded through Russian oil sales to countries including India, China, and Brazil, according to the latest claim by US Ambassador to NATO Matthew Whitaker. Whitaker, during an interview with Fox News this week, called for additional sanctions and tariffs on these countries to increase economic pressure on Moscow….
US President Donald Trump reportedly urged European Union officials on Tuesday to hit China with tariffs of up to 100% in a bid to pressure Russian President Vladimir Putin, said a US official and an EU diplomat. According to Reuters,Trump also encouraged the European Union to slap India with similarly expansive tariffs, said the official,…
The US Department of State announced sanctions on two China-based crude oil and petroleum product terminal operators that helped import millions of barrels of illicit Iranian oil on multiple US-designated tankers. This marks the fourth round of sanctions targeting Chinese operators in Iran’s oil trade network. “These terminal operators play a vital role in the…