China saves billions of dollars from record sanctioned oil imports

[b]REUTERS[/b]



[b][b]Shipments from Russia, Iran, Venezuela make up 25% of imports - tanker tracking
Total shipments from the trio at record 2.765 mln bpd
Independent teapots benefit more than state refiners
Upside capped by quotas and as state firms stay clear of Iranian, Venezuelan oil
SINGAPORE, Oct 11 (Reuters) - China has reaped savings this year of nearly $10 billion through record purchases of oil from countries under Western sanctions, according to Reuters' calculations based on data from traders and shiptrackers.

An unintended consequence of sanctions imposed by the United States and others on Russia, Iran and Venezuela has been to lower the oil import costs for refiners in top economic rival China, which often criticises such "unilateral" penalties.
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[b]These Oil Imports from Russia and Iran are Financing The
Ukraine and Middle East War.[/b]

[b]Atta Boy Joe, Thanks for Removing President Trump's (45, 47) sanctions.
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