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Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
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Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
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Hamas: The two delegations stressed that any negotiations must lead to the achievement of our people's goals and aspirations, foremost among which is ending the war and the complete withdrawal of enemy forces
Hamas: A delegation from the Hamas leadership, led by the head of the leadership council, Mohammad Darwish, met with an Islamic Jihad delegation, headed by its Secretary-General, Ziyad al-Nakhalah

China's refiners buying Russian oil at steep discounts: FT

  • By Al Mayadeen net
  • Source: Agencies
  • 4 May 2022 10:46
1 Min Read

Chinese independent refiners have been purchasing Russian oil discreetly at sharply discounted prices.

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  • FT: China's refiners buying Russian oil at steep discounts
    FT: China's refiners buying Russian oil at steep discounts

China's independent refiners have been covertly purchasing Russian oil at substantial discounts while Western countries cease sales and consider potential embargoes due to the conflict in Ukraine.

To escape scrutiny and US sanctions, an executive at a Shandong-based independent refinery said it had not publicly acknowledged dealings with Russian oil suppliers since the Ukraine crisis began.

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Zelensky presses EU to tighten oil price cap as sanctions talks stall

EU delays exit proposal from Russian energy amid geopolitical shifts

The insider went on to say that the refinery has taken over part of the Russian crude purchase quotas from state-owned commodities trading businesses viewed as representing Beijing.

Read more: How sanctioning Russia may be futile :The Hill

Many Western firms are either self-sanctioning or unable to acquire the insurance, shipping, or finance required to purchase Russian goods, fueling hopes that China may step in and buy the unsold barrels.

The US and the UK have banned Russian oil, and the EU is considering an embargo and other restrictions. Commodity merchants located in the EU and Switzerland will be unable to sell Rosneft barrels anyplace else in the globe from May 15.

  • Russian oil
  • Russia
  • China
  • Russian Gas

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