With fuel prices sky high, it isn’t just motorists who are filling-up when they catch a good deal
Russia has become China’s biggest supplier of oil.
This comes as the country sold discounted crude to Beijing amid sanctions over the Ukraine war.
Imports of Russian oil rose by over half from a year earlier to a record level this May,
This has pushed off 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.
China and Russia declared their friendship had “no limits” back in Feb… and so chinese companies have ramped up their purchases of Russian crude in recent months after being offered heavy discounts
Just last month, imports into china totalled over 8.4 million tonnes
This comes as buyers in Europe and the U-S shunned Russian energy in line with sanctions over its war on Ukraine.
