China

A week before EU sanctions against Rosneft come into effect, China refuses to recognize insurance documents for ships from russia.

The russians shelled the terminal in the Mykolaiv seaport, which was leased by a Chinese corporation.

The Chinese tanker Linda I with a cargo of russian oil interrupted its voyage and called in Algeciras, Gibraltar on October 27.

Oil prices fell more than $1 today after updates on China’s factory activity and fears that new COVID-19 restrictions will reduce demand.

In the past seasons, China was the main buyer of Ukrainian corn and barley. This season, China has significantly reduced grain imports from Ukraine.

Oil prices rose as Chinese government officials plan to ease some of the Covid-19 lockdown measures.

In recent weeks, the sea transportation market has shown a decrease in the level of freight rates. The trend was caused by holidays in Asia and a decrease in import demand in Europe.

In China’s Heihe County, which borders russia, fences and barbed wire have been erected near a bridge along the Amur River.

Since the world’s largest container carriers refused to work with the aggressor country, russia needs to look for new ways for container traffic. The European embargo on a number of russian raw materials and the closure of many ports for russian vessels also forces russia to look for new partners for trade. China became the hope for russian federation in this matter. But the plans of russian federation were hindered by another outbreak of COVID-19 in the People’s Republic of China, which blocked Chinese ports for an indefinite period.

An employee of the Odesa customs let through the goods from China in the port for UAH 7 million (USD 260.8 thousand) without paying a duty.