Photo: The Telegraph
Russia Becomes Largest Supplier Of Crude Oil To China Surpassing Saudi Arabia
China has seemingly started to make use of Russia's discounted crude oil prices, as Russia became China's largest supplier of oil, overtaking Saudi Arabia. Amid western sanctions against the Russian invasion of Ukraine, Russia discounted the prices of its crude oil. As per data, China has imported 8.42 million metric tons of crude oil in May, which is 55% more than the previous year.
Tags: China, Russia, Western Sanctions, Crude Oil, Ukraine
Courtesy: Hindustan Times
Photo: Daily Express
Lithuania Bans Transit Of Russian Goods; Putin Warns Of Serious Consequences
Russian president Vladimir Putin has issued a chilling warning to Lithuania. The warning came after Lithuania banned the transit of Russian goods to Kaliningrad, sanctioned by the European Union. Russia stated that serious measures will be taken to protect the national interest. This is the first time Russia has issued a direct warning to a NATO member, since the beginning of the Russian invasion of Ukraine.
Tags: Russia, Ukraine, Lithuania, European Union, Western Sanctions
Courtesy: Hindustan Times
