No oil, no gas, no carbon? Sino-Russian trade ushered in new business opportunities!
Since the conflict between Russia and Ukraine, Europe and the United States have imposed a number of sanctions on Russia, and resources ranging from natural gas to coal, from coal to oil, have become increasingly tense. Today, the Russian oil embargo in Europe is coming soon, and the risk of energy supply cuts in European countries will be further intensified after the Russian oilembargo!
Interestingly, although the EU has announced a series of sanctions, Russia's oil exports to EU countries have not decreased. Since April, Russia's oil imports from the Netherlands, Greece and other countries have soared! As early as March 28, Biden officially signed the decree to stop the import of energy products from Russia. The decree uses April 22 as the final transaction deadline, with a buffer period of nearly 2 months, local time on April 3. , while the United States forced Europe to sanction Russia, its own purchases of Russian oil increased by 43% to 100,000 barrels per day.
Faced with a request from the Russian government for its European customers to settle energy bills in rubles, Europe has proposed an alternative to avoid using rubles, with the possibility that EU companies would pay in euros or dollars, which would then be exchanged for rubles by the Russian side, so that It can not only meet the requirements of Russia, but also will not violate the EU sanctions on Russia.
