Pakistan has received its first ever cargo of Russian crude oil as Moscow seeks out new markets in Asia amid Western sanctions. Prime Minister Shehbaz Sharif announced the arrival of the Russian cargo on June 11. Europe has slashed its imports of Russian energy and imposed price caps to punish the Kremlin for its invasion of Ukraine, forcing Moscow to turn to China, India, and now Pakistan for sales. Pakistan will import 100,000 barrels of Russian oil a day, or about two-thirds of its import needs, at a discounted price. To read the original story by Dawn, click here.
Pakistan Receives First Ever Russian Crude Oil As Moscow Seeks New Energy Markets
Pakistani Prime Minister Shehbaz Sharif announced the arrival of the Russian cargo on June 11.