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China ramps up Russian energy imports

Beijing: Whereas many European international locations try to wean themselves off Russian fuel, China is importing an rising quantity of vitality from its neighbour.

Information from Beijing’s Customs Workplace on Saturday confirmed that Russia is China’s largest provider of oil for the third month in a row, studies dpa information company.

In July, China imported a complete of seven.15 million tonnes of Russian oil, up 7.6 per cent year-on-year.

On the similar time, China’s coal imports from Russia rose to the very best degree in additional than 5 years with 7.42 million tonnes in July — round 14 per cent greater than in the identical month final 12 months.

Whereas the European Union has been making an attempt to scale back its dependency on Russian vitality provides in gentle of the nation’s invasion of Ukraine, which began almost six months in the past, China has been benefiting from discounted commodity costs from Moscow to extend imports.

Beijing has up to now not condemned Russia’s warfare in Ukraine.

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