Millions of dollars worth of Russian oil is coming into Canada thanks to a loophole in federal sanctions, providing much-needed income for the Kremlin to fuel its ongoing invasion of Ukraine.
CBC News’s visual investigations team, in collaboration with the Centre for Research on Energy and Clean Air (CREA), found that since the start of the Ukraine war roughly 2.5 million barrels — or $250 million worth of refined petroleum products like gasoline, diesel and jet fuel — have ended up in Canada.
Oil is old in USD and our oil is sold below regular oil price. So any oil we import we loose money. Now Americans get our oil cheap and sell theirs. That is a plus.
That doesn’t sound like a good business practice.