April 21, 2026 04:21 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Tim Cook to step down as Apple CEO; John Ternus named successor | 15 killed, 20 injured as bus plunges into gorge in J&K’s Udhampur | Oil jumps over 5% as Strait of Hormuz closure fuels supply fears | Pushback from smartphone makers: Centre drops Aadhaar app pre-install plan — report | Meta eyes first wave of layoffs on May 20: Report | TCS breaks silence on Nida Khan: ‘No HR role, no power’ in Nashik case | ‘Panic reaction’: Rahul Gandhi on women’s bill, says PM Modi ‘wants to send a message’ | Adani Group shares rise as Gautam Adani becomes Asia’s richest, overtakes Mukesh Ambani | TCS Nashik ‘conversion’ case accused seeks anticipatory bail citing pregnancy | IT raids TMC candidate Debasish Kumar’s premises ahead of Bengal polls
China-Russia
A train carrying oil entering China from Russia. File photo by jason_she via Wikimedia Commons/Panoramio

Ukraine War: Russia becomes biggest oil supplier of China

| @indiablooms | Jun 23, 2022, at 11:32 pm

Moscow/Beijing: Russia has sold crude oil to Beijing at a discounted rate, making it the biggest supplier of oil to China.

Russia made the move amid sanctions over the Ukraine war.

Imports of Russian oil rose by 55 percent from a year earlier to a record level in May, displacing Saudi Arabia as China's biggest provider, reports BBC.

China has ramped up purchases of Russian oil despite demand dampened by Covid curbs and a slowing economy.

China and Russia, last month, 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, BBC reported.

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.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.