Russia has become China’s largest oil supplier

According to the report of the international group Tasnim news agency quoting “TAS” news agency, the information obtained from the report of the General Administration of Customs of the People’s Republic of China shows that the Russian Federation exported 107 million tons of oil to this country last year, which is 24% more than its volume in 2022. Thus, Russia has become the largest supplier of oil to China.

In this report, it is mentioned that the value of this energy supply in 2023 will be 60.6 billion dollars, which It is 3.5 percent more than in 2022.

At the same time, at the end of 2023, Russia retained its first position among the largest suppliers of Chinese oil. After Russia, Saudi Arabia (86 million tons) and Iraq are in third place with 59 million tons. China reported that trade turnover between Russia and China in the first 11 months of 2023 increased by 26.7 percent compared to the previous year and reached a historical record of 218.17 billion dollars. The Russian Federation mainly exports oil, natural gas and coal to China.

In late December, Russian Deputy Prime Minister Alexander Novak announced in a live television program. Kurd said that this country plans to reduce the share of its supply of oil and oil products to European countries to 4-5% of the total export in 2024. At the same time, he emphasized that the percentage of supply of oil and energy products to China has increased to 45-50% and the share of Russian exports to India has increased to 40%.

Russia’s foreign debt decreased by 57 billion dollars during the year

The Central Bank of Russia today Friday announced in a statement on its official website that the foreign debt of the country has been reduced by 57 billion dollars since January 1, 2023. According to this information, Russia’s foreign debt amounted to 326.6 billion dollars by January 1, 2024, which has decreased by 15% over the past year.

In mid-December , the World Bank reported that at the end of 2022, India was the only country to which Russia’s debt had increased to $777 million. Russia’s debt to South Korea decreased by 25% to 209.8 million dollars and to France decreased by 1.8 times and reached 177.8 million dollars. At the same time and according to the bank report Globally, it was found that the debt of foreign countries to Russia increased by 8.7% last year and reached 28.9 billion dollars. At the end of 2022, 37 foreign countries had outstanding debt to Russia.

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