The work done by PM Modi, the same step will give comfort to China, Jinping preparing to spread in the world with the help of Russia
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By the way, China is the world’s largest crude oil supplier and after that comes the name of India. But more Russian crude is coming to India than China and due to this it has also helped in improving its inflation figures.
Ever since the war between Russia and Ukraine is going on, the friendship between India and Russia is also being discussed. India did not support the war but did not leave Russia’s side despite the pressure. Russia also fulfilled the duty of friendship and gave cheap oil to India. To stop this oil supply from Russia, western countries gave knowledge, advice and threats to India. But you will be surprised to know that what happened to the cheap oil that India got from Russia? India first refined the cheap crude oil it got from Russia. Made diesel and jet fuel from it. Then after that this diesel and jet fuel were sold to Europe only. Overall, India has become Russia’s biggest oil supplier.
By the way, China is the world’s largest crude oil supplier and after that comes the name of India. But more Russian crude is coming to India than China and due to this it has also helped in improving its inflation figures. Now China is also going to follow the same footsteps and has already started it. China is badly ruined on the economic front due to the miserably failure of the Zero Covid policy. In such a situation, he needs help on various fronts for recovery. In such a situation, Russian oil can help China a lot. At present, Russia is selling cheap crude oil due to sanctions. About 43 million barrels of Russian crude oil arrived in China in the month of March, according to estimates by Trancor consultancy Vortexa and Kepler. This figure is estimated to go up to 50 million.
The ruble is currently banned in the world. Because of which China has allowed Russia to trade in Yuan. Putin himself has recognized it as a global currency by approving trading in Yuan during a program in the month of March. Now Russia will be able to trade in yuan with African, South American Middle East countries. Due to trading in yuan, the demand for Chinese currency will increase in the world and its value will increase against the dollar.
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