Indonesia Mulls Russian Oil Imports Amid Newest U.S. Sanctions on Russian Oil

China will stockpile 169 million barrels of oil by 2026, as a reserve, adding 11 sites.
An oil tanker leaves its berth from Longkou port in Yantai, China, on December 22, 2024. China will stockpile 169 million barrels of oil by 2026, as a reserve, adding 11 sites. (Photo by Costfoto/NurPhoto) (Photo by CFOTO / NurPhoto / NurPhoto via AFP)

Indonesia’s recent entry into the BRICS economic bloc has reignited discussions about the potential to import oil from Russia, a move that could reshape its energy strategy and further complicate its position in the global geopolitical landscape.

Luhut Binsar Pandjaitan, Chairman of Indonesia’s National Economic Council, has opened the door to purchasing Russian crude oil, emphasizing that any deal must benefit the nation.

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by Edwin Shri Bimo

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