Russia Becomes China's Top Oil Supplier For Third Month Amid Ukraine War Sanctions

Published on: Saturday 20 August 2022

China has taken advantage of discounted prices to ramp up Russian crude oil imports, amid Western sanctions. What Happened: Russia maintained its spot as China's top oil supplier for the third month in a row since May 2022, Reuters reported, citing official data released on Saturday. This came as independent Chinese refiners piled up purchases of discounted supplies from Russia while cutting shipments from rival suppliers such as Angola and...

News source: https://www.msn.com/en-us/news/world/russia-becomes-chinas-top-oil-supplier-for-third-month-amid-ukraine-war-sanctions/ar-AA10So6N

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Russia Becomes China's Top Oil Supplier For Third Month Amid Ukraine War Sanctions