Michael
Think Tank Analyst
- Jan 5, 2024
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China does benefit from this war, but not oil.Frankly, the largest beneficiary of this Russia-Ukraine war are India and China. The loser is Europe.
India and China has imported lots of cheaper oil from Russia bcz of this war.
The oil trade between China and Russia has been going on. Before and after the war, the balance of this trade did not change much. The oil trade between China and Russia has always been maintained at a relatively balanced ratio, which is stipulated by Chinese law, and Chinese law does not allow more than this ratio. Whether or not the Russia-Ukraine war takes place, China's laws do not allow for this balance to be upset.