China stated two weeks before Russia invaded Ukraine that “there is ‘no limit’ to how far Russian and Chinese friendship may go” and signed a swathe of huge oil and gas deals shortly thereafter that provided an additional layer of insulation to both countries from any U.S. sanctions in the future. Only a day after the invasion began on 24 February, however, Chinese President Xi Jinping held urgent talks with Russian President Vladimir Putin and advocated peaceful negotiations between Russia and Ukraine.
This was…China's Geopolitical Pivot Could Have Huge Ramifications For Oil
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