Putin hits back at western sanctions on Russian oil by vowing to deepen trade ties with China and other allies

Dec 15 2022 by Business Insider

 
China has been a frequent buyer of discounted Russian oil since the war in Ukraine began earlier this year.

ALEXEI DRUZHININ/Getty Images

Russia will deepen trade ties with China and other allies, Putin said in a televised speech on Thursday. That comes shortly after the EU banned seaborne energy imports and slapped a $60 price cap on Russian crude.  Putin has called the price cap "stupid," and previously threatened to retaliate against any country who participate.

Russian President Vladimir...

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