Russia's export trade was seriously affected in the year of the outbreak of the war. At the most difficult time in Russia, China continued to support honest performance of the contract, gave Russia timely help, and also gave it a breath of relief.
Next, India also discovered this opportunity and began to import a large amount of oil from Russia. Even India, which used to only import million barrels of oil, soared to tens of millions of barrels of oil, with the purpose of selling it to European countries with a higher price. It seems that the United States has really been cheated by the United States.
After Russia's crude oil export volume rebounded, it was rumored that the export price given to China was 40% off. Is this true? Many countries have also asked Russia for confirmation, saying that if there is a discount, they will also enjoy the discounted price. Russia's statement is an exception, and other countries must meet two conditions to enjoy this preferential treatment.
Russia's economy has not been prosperous, and it all depends on foreign trade exports to generate revenue. The United States-led Western countries directly cut off their export channels, which hit Russia's economy hard. Of course, it is impossible to sit still and wait for death, and Russia will also find ways to break the situation. With the support of China's compliance, Russia has reached export intentions with India and other countries, which prevents oil trade from being suspended.
As the world's second largest economy, my country's annual GDP has reached 1 trillion yuan. Among the 300 million motor vehicles in my country, nearly 90% of the 300 million motor vehicles are fuel vehicles. This huge amount of fuel consumed every year is very objective.
The refined oil independently mined by my country does not support all consumption, so it is imported from abroad every year. In order to ensure the safe and stable supply of imported energy, import orders from my country, Russia, , Saudi Arabia, and other countries are signed for a long-term large order for 20 years.
Others also have some short-term orders for scattered cooperation, such as Canada and Vietnam, and will also provide some oil imports to my country.
In order to control Russian oil, the United States and the European Union are still planning to set upper limits. Although they have not reached an agreement, the price of $60 per barrel is still brewing.
The West wants to control the price of Russia's crude oil, with the purpose of limiting prices, Russia's monthly revenue will decrease by US$4 billion due to oil exports.
. In the comparison of oil prices in these countries, Russia provides our country with the best price, at US$33.2 per barrel of oil, which is directly priced at 40% off, which is much lower than the price that the EU wants to set.
The US Treasury Secretary also gloated that if Russia lowers its price to export oil, the United States is willing to see that China and other countries can get oil at the lowest price. The implication is that Russia does not make money, which is what the United States wants to see.
So far, China has imported the most oil from Russia, followed by Saudi Arabia. This year, due to the preferential price price, my country has built several super-large oil storage bases in Dalian Zhoushan and Tianjin, making full preparations for strategic oil reserves and also reserved room for control to deal with floating oil prices in the future.
Russia exports to our country's oil at preferential prices. In fact, this is a temporary phenomenon, because during the period of the dispute between Russia and the United States, it does not require US dollars to settle. When exporting to our country's oil, it also uses RMB to settle. However, after the war ends in the future, the relationship between Russia and Europe will inevitably ease.
, including the Nord Stream pipeline, will also be repaired. There should be no suspense to continue to supply European energy. By then, Russia's oil export prices will inevitably be adjusted. Therefore, in addition to Russia's order, my country also has backup import channels to avoid future price fluctuations and changes in supply capacity to lead to passiveness.
Then Russia said that it would meet two conditions to get such a preferential price in China. One is that China and Russia signed long-term orders, because complying with integrity in cooperation between China and Russia has given Russia peace of mind.
Another reason is that during the special period of wartime, Russia was eager to supplement the income-generating exchange rate from foreign trade exports, and China's imports were very large, accounting for more than 70% of Russia's total exports. Therefore, only countries with these two conditions can enjoy 40% of Russia's discounted prices, and there are not many countries that can have such strength. Therefore, there are very few countries that meet the two conditions proposed by Russia at the same time.
This time, due to lack of energy, Europe contacted Saudi Arabia when looking for sources of goods everywhere in the world. However, Saudi Arabia also proposed to sign an order for 20 years, but the EU still could not take so many large orders and ultimately failed to reach an agreement. Rich European countries dare not easily promise to order such large orders, let alone other small countries.
When my country's oil prices are discounted, its choice to start stocking up oil is also a reflection of the country's preparations and life.
