Cash-strapped Pakistan has received its first cargo of discounted Russian crude oil, Pakistan’s leader said on June 11, as Pakistan seeks to forge ties with heavily sanctioned Russia amid its declining foreign reserves.
Pakistan’s Prime Minister Shehbaz Sharif said the first shipment of Russian crude oil was set to be unloaded at Karachi port on June 12.
“Today is a transformative day. We are moving one step at a time toward prosperity, economic growth, and energy security & affordability,” Sharif wrote on Twitter.
“This is the first-ever Russian oil cargo to Pakistan and the beginning of a new relationship between Pakistan and the Russian Federation,” he added….