US Sanctions Force Russian Oil Giants to Rethink Global Strategies
TL;DR Summary
Following US sanctions on Russian oil companies, Chinese refiners like Sinopec and PetroChina are reducing their purchases of Russian crude, affecting about 45% of China's Russian oil imports, as other countries also begin to shun Russian oil due to Western sanctions.
- Chinese refiners start shunning Russian oil after US sanctions, Bloomberg reports The Kyiv Independent
- Lukoil's overseas network buckles as Western sanctions bite Reuters
- The Billionaire Trader Who Swooped In on Russia’s Overseas Oil Empire The Wall Street Journal
- Russian Oil Finds Fewer Takers in China After Hit From Sanctions Bloomberg
- Crushed by punishing US sanctions, Russia’s Lukoil accepts offer to sell its international business CNN
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