
Audio By Carbonatix
Russia has become China’s biggest supplier of oil as the country sold discounted crude to Beijing amid sanctions over the Ukraine war.
Imports of Russian oil rose by 55% from a year earlier to a record level in May, displacing Saudi Arabia as China’s biggest provider.
China has ramped up purchases of Russian oil, despite demand dampened by Covid curbs and a slowing economy.
In February, China and Russia declared their friendship had “no limits”.
And Chinese companies, including state refining giant Sinopec and state-run Zhenhua Oil, have increased their purchases of Russian crude in recent months after being offered heavy discounts as buyers in Europe and the US shunned Russian energy in line with sanctions over its war on Ukraine.
The imports into China, which include supplies pumped through the East Siberia Pacific Ocean pipeline and shipments by sea, totalled nearly 8.42m tonnes last month, according to data from the Chinese General Administration of Customs.
Latest Stories
-
Hannan arrest: It is legally possible to attempt withdrawal from frozen bank account — Martin Kpebu
6 minutes -
33 UBIDS law students omitted from graduation list issue one-week ultimatum for reinstatement
9 minutes -
NSMQ 2026 regional qualifiers rescheduled to July 9
11 minutes -
KMA revives ‘Samansaman’ sanitation crackdown as task force arrests offenders
11 minutes -
The Herald editor appeals contempt conviction, challenges seven-day jail sentence
13 minutes -
MobileMoney Fintech LTD introduces ‘Know Your Customer’ drive for agents and merchants to combat fraud
18 minutes -
Trump confirms he asked Fifa to review Balogun ban
21 minutes -
Nana Ama Bonsu nominated as next Asantehemaa as Manhyia begins succession rites
21 minutes -
Early Eurobond repayments show progress but do not mean gov’t is fully on track — Economist
22 minutes -
KAIPTC calls for stronger regional cooperation to tackle West Africa’s worsening humanitarian crises
23 minutes -
Infantino defends FIFA Disciplinary Committee’s independence after Trump call over Balogun red card Ban
25 minutes -
ASCEND showcase crowns KNUST neonatal device top innovation
26 minutes -
Cultural values key to tackling floods in Ghana – NCC boss
42 minutes -
Africa Governance Centre strengthens ties with Latin America at COPPPAL plenary in Mexico City
57 minutes -
Prince Adu-Owusu: The pieces of you I keep finding in everyone else
1 hour