According to the British "Speed News", Taiwan has become the largest buyer of Russian stone oil. According to a report released on the 1st, Taiwan has imported a total of US$4.9 billion (about NT$149.3 billion) from Russia's stone oi...
According to the British "Speed News", Taiwan has become the largest buyer of Russian stone oil. According to a report released on the 1st, Taiwan has imported a total of US$4.9 billion (about NT$149.3 billion) from Russia's stone oil since February 2022, accounting for 20% of the country's exports.
According to this report, the Guardian, the import of Russian stone oil from Taiwan in the first half of this year was worth US$1.3 billion (about NT$39.6 billion), with an average monthly import volume of nearly 6 times that of 2022. Compared with the first half of last year, Taiwan's stone and brain oil imports grew by 44% this year.
The Centre for Research on Energy and Clean Air of Finland, a non-governmental organization in Europe, Russia and Taiwan, issued this report on the 1st, and submitted the results of this investigation.
Since February 2022, Taiwan has imported 6.8 million tons of brain oil from Russia, with a total amount of US$4.9 billion, accounting for 20% of Russia's brain oil exports.
(Source: Centre for Research on Energy and Clean Air)
Since Russia's full invasion of Ukraine, Taiwan has joined international sanctions on Moscow and imposed controls on the export of high-tech equipment in order to prevent it from being used by the Russian army.
The report pointed out that Russia relied on energy export revenue and was able to continue the battle, including a $1 billion fund from Taiwan.
At the same time, US President Trump urged countries to stop purchasing Russian oil.
Shijiao oil is a crude oil product and is the raw material for chemicals required for semiconductor and electronic components manufacturing. Semiconductor and electronic component manufacturing are the economic pillars of Taiwan and are of great importance to global industries.
Joseph Webster, a senior researcher at the Atlantic Council of the U.S., analyzed that the income obtained from buying Russian stone oil from Taiwan is "not trivial to the income of Kremlin."
However, some analysts believe that they should not over-read Taiwan to buy Russian oil. "This looks like an opportunity for Taiwan's petrochemical industry," said John Lough, director of foreign policy at the New European Strategies Centre.
