The Gaoqiao oil refinery in Shanghai, China, could get a lot more of Russia’s oil. Photo: AFP
The Gaoqiao oil refinery in Shanghai, China, could get a lot more of Russia’s oil. Photo: AFP
Russia
World /  Russia & Central Asia

Putin needs help from China and India on oil Europe does not want as EU set to ban 90% Russian imports

  • In the most significant effort yet to punish Russia for its war in Ukraine, the European Union agrees to ban most Russian oil imports
  • Russia’s flagship Urals crude – an oil brand popular in Europe – needs specific refineries to process it, which other Asian countries lack

BloombergAssociated Press
Bloomberg and Associated Press

Updated: 7:05pm, 31 May, 2022

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The Gaoqiao oil refinery in Shanghai, China, could get a lot more of Russia’s oil. Photo: AFP
The Gaoqiao oil refinery in Shanghai, China, could get a lot more of Russia’s oil. Photo: AFP
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