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Russian Missile Attacks in Southern Ukraine Kill Two

Russian attacks have claimed the lives of two people in the southern Kherson region on Friday, following a significant acknowledgment by Kyiv regarding the destruction of its positions on the left bank of the Dnipro River

Moscow Court Orders Shutdown of Iconic Grushinsky Music Festival

The court’s ruling comes after the festival’s organizers announced the cancellation of this year’s event, citing “possible risks… in the current circumstances.” The announcement was made on VKontakte, a Russian social media platform, where the organizers expressed their regret over the decision

Russia Denies Offensive Failure in Kharkiv Amid Intensified Ukrainian Shelling

The Kremlin on Wednesday refuted claims that its ground offensive in northeastern Ukraine's Kharkiv region had faltered, following an announcement by Russian officials to seal off border villages to protect civilians from escalating Ukrainian shelling

Chinese imports of Russian crude oil grown by 55% last month: Reports

WorldRussiaChinese imports of Russian crude oil grown by 55% last month: Reports

China has increased purchases as well as buying record amounts of Russian energy last month, according to reports, while Europe shuts off the faucets on Russian oil shipments.

At the same time, Chinese imports of Russian crude oil have grown by 55 per cent in May as compared to the same month last year, replacing Saudi Arabia as China’s main oil supplier.

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Due to international sanctions imposed on Russia and its energy sector as a result of its invasion of Ukraine, Chinese oil refiners have benefited from the discounted supply of Russian crude.

According to the Chinese General Administration of Customs, a record 8.42 million tonnes of crude oil, or 1.98 million barrels per day, entered China last month via Siberia and through the far-eastern ports of Russia.

Russia has looked for new markets for its energy goods after losing out on the European market, with the exception of Hungary, Czechia, and Slovakia, which chose to keep their Russian oil supply. Moreover, Russia is able to mitigate the effects of Western sanctions and maintain funding for its expensive conflict against Ukraine by growing other markets.

China also bought 56% more Russian liquefied natural gas over the same period in 2021 than it did before (LNG). LNG deliveries from Russia’s far-eastern gas pipelines increased by 22% in the first five months of this year.

After a 19-month absence, Russia just reclaimed the top spot among countries that buy crude oil, showing that Moscow can evade international sanctions through price cuts.

Additionally, “Russia has diverted a large share of exports to India and China,” stated energy analyst Sergei Vakulenko for the Carnegie Endowment for International Peace. He also said that Western sanctions meant that Russia would likely take over the Asian market in years to come.

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In the previous year, Russia sold about 33 billion cubic metres of gas to Asia, which is less than 20 per cent of the size of the European market. Nevertheless, experts warn that Russia will slowly attempt to shift its infrastructure to increase regional sales.

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