Ukraine war: China’s Sinopec pauses Russia projects as Beijing wary of sanctions, insiders say

//Ukraine war: China’s Sinopec pauses Russia projects as Beijing wary of sanctions, insiders say

Ukraine war: China’s Sinopec pauses Russia projects as Beijing wary of sanctions, insiders say

China’s state-run Sinopec Group has suspended talks for a major petrochemical investment and a gas marketing venture in Russia, sources told Reuters, heeding a government call for caution as sanctions mount over the invasion of Ukraine.The move by Asia’s biggest oil refiner to hit the brakes on a potentially half-billion-dollar investment in a gas chemical plant and a venture to market Russian gas in China highlights the risks, even to Russia’s most important diplomatic partner, of unexpectedly…

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By | 2022-03-25T16:39:58+00:00 March 25th, 2022|Headlines|Comments Off on Ukraine war: China’s Sinopec pauses Russia projects as Beijing wary of sanctions, insiders say