Pakistani Prime Minister Shehbaz Sharif says the first cargo of discounted Russian crude oil arranged under a new deal struck between Islamabad and Moscow has arrived in Karachi. "Glad to announce that the first Russian discounted crude oil cargo has arrived in Karachi and will begin oil discharge tomorrow," Sharif tweeted late on June 11. "This is the first-ever Russian oil cargo to Pakistan and the beginning of a new relationship between Pakistan and Russian Federation," he added. The discounted crude offers a relief to Pakistan, which is facing a payments crisis and is at risk of defaulting on its debt. To read the original story by Reuters, click here.
Pakistan PM Says First Discounted Russian Crude-Oil Cargo Arrives In Karachi
Russian President Vladimir Putin (right) shakes hands with Pakistani Prime Minister Shehbaz Sharif during a meeting on the sidelines of the Shanghai Cooperation Organization summit in Samarkand, Uzbekistan, in September 2022.