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.
The currencies of China's trading partners have weakened faster than the yuan recently, eroding the…
The creditors’ opposition to the proposal could be a major problem for the ailing property…
Sources say China's biggest developer, which went into default in October with debts of $190…
The Chinese president also warned his Dutch counterpart against restricting chip ties with Beijing, amid…
The e-commerce giant has abandoned plans to list its cross-border logistics unit and is offering…
China leads the world in the number of patents filed for quantum computing technology but…