A new investigation by Congress detailed how China is buying sanctioned oil from rogue regimes around the world at a discount.The House Select Committee on China released its report on how China is evading sanctions to purchase tens of millions of barrels of oil from countries like Iran, Russia and Venezuela that are the subject of U.S. sanctions – using a "shadow fleet" of tankers to transport sanctioned oil.It found that sanctioned oil accounted for one-fifth of China's total oil imports as the country became the buyer of last resort for those rogue regimes, which allowed it to stockpile a l...
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