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Search resuls for: "Mikhail Korostikov"


2 mentions found


☆ Russia-China ties deepen as Beijing buys a record amount of oil from the warring nation in the first half of 2023
  + stars: | 2023-07-20 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +3 min
China imported 2.13 million barrels per day of Russian crude in the first half of 2023. Russia so far this year has been the top oil supplier to China, peaking at 2.57 million barrels a day in June. Over the last six months, China imported 11.4 million barrels per day of crude, an 11.7% jump from the same time last year according to Financial Times data. Of that, 2.13 million barrels a day came from Russia, with those imports peaking to 2.57 million in June. Chinese customs data cited by the FT implies that Russian barrels have come cheaper than those from other OPEC+ nations since the start of the war in Ukraine.
Persons: Jeffrey Sonnenfeld, Vladimir Putin, Mikhail Korostikov, Xi Jinping Organizations: Service, Privacy, Financial Times, United Arab Locations: China, Russia, Wall, Silicon, Saudi Arabia, Iraq, Malaysia, United Arab Emirates, Oman, Brazil, Ukraine, Moscow, Beijing
☆ Russia and China's trade relationship has become increasingly lopsided
  + stars: | 2023-07-19 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +4 min
Yale data shared with Insider illustrate that China is now Russia's largest import and export partner. Thousands of companies have pulled out of Russia in the last year and that's made Moscow increasingly reliant on Beijing. Yale figures shared with Insider shows that China is now Russia's largest import and export partner by a big margin, but the relationship is heavily lopsided. By comparison, Russia is the 11th largest importer of Chinese goods, with the US, Hong Kong, and Japan taking in far more as China's three biggest trade partners. China and Russia have an asymmetric trade relationship.
Persons: that's, That's, Vladimir Putin's, Jeffrey Sonnenfeld, Russia's, Geely, Putin, Putin isn't, Xi Jinping, Mikhail Korostikov Organizations: Yale, Service, Bank of Locations: China, Russia, Moscow, Beijing, Wall, Silicon, Ukraine, Germany, Hong Kong, Japan, Russian, Bank of Russia
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