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Chinese Oil Giants Return to Russian Crude After U.S. Sanctions Waiver

sanctions_shadow_enforcement UTC: 2026-03-17 14:30:00

Chinese state oil giants are back scouring the market for Russian crude, four months after halting purchases due to the U.S. sanctions on Rosneft and Lukoil, as China aims to offset losses of supply stuck in the Strait of Hormuz. The U.S. last week issued a waiver allowing pur...

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