Russia becomes China's biggest oil supplier

Monday, 20 June 2022newsdesk

Russia has become China's biggest supplier of oil as the country sold discounted crude to Beijing amid sanctions over the Ukraine war.

New Delhi, 20 June 2022

As per news report of BBC, this comes in the wake of a February meeting where the two countries said their friendship had "no limits". Encouraged by lower prices, Chinese firms have ramped up purchases of Russian oil this year. Official figures show that imports of Russian oil rose by 55% from a year earlier to a record level in May. The imports, which include supplies pumped through the East Siberia Pacific Ocean pipeline and shipments by sea from Russia's European and Far Eastern ports, totalled nearly 8.42m tonnes last month, according to data from the Chinese General Administration of Customs.

Source -BBC