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China 2.0

Sino-Dependency? Brazilian Oil Exports To China Surge

The world's second-largest economy is now Brazil's top customer for oil, but also its most important buyer of soybeans, iron ore and cellulose.

Sino-Dependency? Brazilian Oil Exports To China Surge
Renata Agostini and Alvaro Fagundes

SAO PAULO — Chinese imports of Brazilian oil have increased more than threefold this year, turning Beijing into Brazil's best customer for crude. Perhaps unsurprisingly, this spectacular upsurge comes as oil giant Petrobras is bolstering its ties to China to secure crucial investment. In the past month alone, the state-owned company received $7 billion in credit from Chinese banks.

Between January and May 2015, Brazil sent 5.4 million tons of oil to the Asian country. That's 35% of all Brazilian exports during that period, and the biggest purchase made by any country. By comparison, the United States, the biggest importer of Brazilian oil last year, only bought half of what China did in the first five months of 2015.

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Future

Cyber War Chronicles: Meet The Hackers Taking On Russia

The war in Ukraine is not just being fought on the ground. The battle for dominance increasingly happens on the digital field, where a worldwide network of cyber-soldiers conduct attacks to disrupt Russia's war effort, from the outside and inside too.

Cameron Manley

Since the beginning of the war in Ukraine, Russian and Ukrainian hackers have been fighting tit for tat on what we can call the "digital front line." To quantify the firepower involved, the number of ransomware attacks on Russian companies has tripled since Feb. 28, according to Kaspersky Lab, a Russian multinational cybersecurity firm that found a direct link between the uptick in online targeting to the breakout of military conflict in Ukraine.

Stay up-to-date with the latest on the Russia-Ukraine war, with our exclusive international coverage.

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Central to the tragic absurdity of this war is the question of language. Vladimir Putin has repeated that protecting ethnic Russians and the Russian-speaking populations of Ukraine was a driving motivation for his invasion.

Yet one month on, a quick look at the map shows that many of the worst-hit cities are those where Russian is the predominant language: Kharkiv, Odesa, Kherson.

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