China's Oil Dilemma: Sanctions vs. Russian Crude

Markets & Money Today | 2 Min News | The Daily News Now! - A podcast by The Daily News Now! - Thursdays

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US sanctions are squeezing China's oil lifeline! With a looming November deadline, Chinese refiners face a high-stakes dilemma: risk crippling US penalties by continuing to buy discounted Russian oil from blacklisted companies like Rosneft and Lukoil, or comply and lose a massive supply that fuels their economy. Can China navigate this energy crisis without sacrificing its global financial access?The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.