Sanctioned Russia becomes China’s main source of oil

Published by
Al-Araby

China ramped up crude oil imports from Russia in May, customs data showed Monday, helping to offset losses from Western nations scaling back Russian energy purchases over the invasion of Ukraine. The spike means Russia has overtaken Saudi Arabia to become China’s top oil provider as the West sanctions Moscow’s energy exports. The world’s second-biggest economy imported around 8.42 million tonnes of oil from Russia last month – a 55 percent rise on-year. Beijing has refused to publicly condemn Moscow’s war and has instead exacted economic gains from its isolated neighbour. It imported 7.82 mill…

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