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Saying his visit to Russia during last week has been more efficient than expected, Musadik Malik, the minister in charge of oil in Pakistan, announced at a press conference that Russia will sell crude oil and diesel fuel to Pakistan at discounted prices.

Stating that Russia is suffering from a shortage of liquefied natural gas (LNG) due to international pressure, Malik said, “Russians held a meeting with our private companies. The negotiations between their delegations and our delegations have also started. The Russian government is establishing new factories for LNG production, and they invited us to sign an agreement for 2025 and 2026,”.

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China Hits Back at US Tariffs

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China has imposed a 34% customs duty on all US goods in response to the same rate announced by US President Donald Trump. The move includes trade restrictions on rare earth exports critical to tech and defense industries and the suspension of chicken imports from two US firms.

China also blacklisted 11 American companies, including major defense and tech firms, banning them from trade with Chinese entities. Additionally, China filed a complaint at the World Trade Organization, calling the US tariffs a violation of global trade rules and an act of “unilateral bullying.”

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