De-Petrodollar-ization Esclates – China Imports Record Amount Of Russian Oil In April

by Tyler Durden
ZeroHedge.com
05/23/2016

We have reported for years that Russia and China have been doing everything they can to displace the use (and influence) of the US dollar. Of course, as the US has been playing geopolitical games, China and Russia have been working on strengthening their relationship with one another. At the end of 2015, China had become Russia’s biggest oil customer, and as of April, Russian oil shipments to China hit a record high. Russia has also surpassed Saudi Arabia as the biggest crude exporter to China.

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This entry was posted on Monday, May 23rd, 2016 at 1:29 pm and is filed under China, Oil, Russia, World Politics. You can follow any responses to this entry through the RSS 2.0 feed.