The Chinese authorities and companies refused to recognize Russian insurance certificates necessary for the export of Russian oil using tankers. Without recognition of insurance documents, the supply of oil to China is impossible, said the deputy minister of transport of the Russian Federation Alexander sew.
According to him, the policy of the Chinese authorities became a new “challenge” in the implementation of export transportation.
“Russian shipowners are faced with the refusals of the authorities and companies of the PRC regarding the recognition of insurance documents for ships and goods …”, Sew, said, The Insider.
He expressed the hope that Beijing and local companies will change their position on this issue and still begin to recognize the insurance documents of Russian companies.
China’s refusal to recognize Russian insurance certificates is jealous of oil supply to China, currently one of the largest buyers of Russian energy resources, the publication notes.