China-Based Shipowner Buys Tankers Worth $376 Million to Transport Russian Oil to China, India

NTD Newsroom
By NTD Newsroom
August 18, 2022China in Focus

China is still buying oil from Russia, despite sanctions from the West on Russian oil.

A mysterious Chinese shipowner is also involved. He or she spent over $375 million to buy 13 tankers in recent months to transfer Russian oil mostly to China, with some going to India.

China in Focus Weekly Newsletter
Find out what's really going on in China
By registering for the newsletter, you agree to the Privacy Policy.