China is once again the largest buyer of oil from Russia. The government in Beijing is thus reaffirming its loyalty to Moscow.
China has continued to increase its purchases of coal and oil from Russia. Data from the Beijing Customs Bureau shows that Russia has been China’s top oil supplier for the third straight month.
In July, Russian oil imports totaled around 7.15 million tons, up 7.6 percent year-on-year. At the same time, China’s coal imports from Russia rose to their highest level in more than five years. Beijing imported 7.42 million tons of coal from Russia in July – around 14 percent more than last year.
While the European Union has wanted to greatly reduce its energy dependency on Moscow since the Russian war of aggression against Ukraine, the People’s Republic of China is using the lower raw material prices from Russia to increase imports. As before, the leadership in Beijing has not condemned the war in Ukraine, but on the contrary has further reaffirmed its loyalty to Moscow.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
