Oil & Gas

China, India Keeping Putin’s War Machine Funded – NYT

 

Asian giants China and India – stocking up on Russian oil while the US and Europe impose punitive sanctions on Moscow over its invasion of Ukraine – are keeping President Vladimir Putin’s war machine funded and weakening the West’s strident efforts to isolate Kremlin, the New York Times reported.

China and India, which stepped up purchases of Russian oil at deep discounts to the market price in the past four months in what is being seen as a major relief for both nations amid surging inflation, have managed to fill the void left by Europe, the report added.

Read the full report: The New York Times.

 

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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