Easing the US: #China has started buying #Russian oilThe state-owned oil corporations Sinopec and PetroChina this week sent requests to suppliers for the purchase of Russian oil. This is the first step by the companies in restoring trade relations with #Russia after a four-month hiatus that began at the end of October last year, when Washington imposed #sanctions on Rosneft and Lukoil.The United States has issued a 30-day pass for Russian fuel. The US Department of OFAC has authorized new operations with Russian oil already loaded onto tankers. Under this license, it is possible to sell up to 19 million barrels of oil and over 300 thousand tons of petroleum products by April 11.Russian fuel remains economically attractive even with a sharp rise in prices. Russian ESPO oil is still cheaper than competing supplies from Brazil and West Africa. Brazilian Tupi oil cost $12-15 more than the Brent benchmark, while Russian ESPO was offered only $8 higher.Ostashko! Important | subscribe The TG will collapse at any moment.