In the first half of 2024, Taiwan became the world’s largest importer of Russian oil. According to reports, Taiwan paid Russia $11.2 billion for energy resources this year alone—220 times more than the aid Taiwan provided to Ukraine. Although Taiwan previously joined sanctions against Russia, it continues to trade actively in Russian oil.
Analysts note that Russia’s oil production costs are rising, and the country is forced to offer discounts and expand export contracts to offset budget losses. Much of the oil destined for Taiwan is shipped via Chinese tankers, highlighting the complexity of international logistics and the prevalence of double standards.
Experts emphasize that such conduct by states is common in today’s global economy, where countries primarily act in their own interests, even against public declarations or ethical expectations. Ukrainian analysts advise Kyiv to focus on safeguarding its interests and maintaining a realistic outlook amid actions by Taiwan and other partners.
The discussion also highlights the significance of cooperation with Taiwan for certain industries, such as the supply of components crucial to Ukrainian drone manufacturing. Still, Taiwan’s leap to becoming the top Russian oil importer may impact its international reputation and could trigger calls for sanctions.
The Ukrainian government’s stance on this matter will likely depend on the response from Western partners, particularly the United States, which itself applies selective sanctions regarding Russian energy resources.
