China and India are buying at deep discounts amid Western sanctions on Russian oil, and more recently, embargoes and price caps
China’s commerce ministry has met independent oil refiners to discuss their deals with Russia, five sources with knowledge of the matter said, imports which have saved Chinese buyers billions of dollars.
Officials also asked refiners if they had encountered any obstacles in these transactions, they added. “Officials wanted to have a handle on the basics on theground, so when China communicates with Russia the governmentwould know what to talk about,” said one China-based source, a senior executive that deals with Russian oil.
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