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NEW FEDERAL STATE OF CHINA

US Senate Votes to Ban Sales of Strategic Oil Reserves to Communist China

07/20/2023 Jodi Schneider reports on Bloomberg Television that the US Senate has voted to block Communist China from buying oil from Strategic Petroleum Reserve, which are currently at a 40-year low. This move has political and diplomatic significance in the context of US-China relations. The situation bears resemblance to previous legislation passed in the House and may eventually become law as it progresses through the legislative process.

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