by Eva Fu
Around three months ago, China changed how it ordered goods from Russia in a way that would insulate Beijing in the event of Western sanctions on Moscow, according to a supply chain analyst citing insider information.
This move suggested that China had foreknowledge of Russiaâs plan to invade Ukraine, and had made contingencies to ensure it could still import Russian commodities amid sanctions, he said.
In about November or December, China began buying all of their Russia-origin cargoesâgrains, crude oil, and petrochemical productsâon a âfree on board originâ basis, meaning that China would hold claim to the goods as soon as they were loaded onto the ship, said Ross Kennedy, founder of Fortis Analysis…