Beijing plans to fill its storage facilities with Russian oil. China is already negotiating with Moscow on additional deliveries. Such data are given by Bloomberg, referring to its own sources.
China can receive a profitable price due to the fact that many buyers do not want to purchase oil from Russia after Ukraine. Negotiations are underway at the government level, oil companies are involved in them to a lesser extent, one of the interlocutors of agencies claims.
The source noted that there is no information about the possible volumes of supplies or their conditions. In addition, there is no guarantee that the transaction will be concluded at all. Foreign Ministers of the Russian Federation and China did not respond to the request of the Bloomberg agency to comment on this information.