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Following Western sanctions, Russia becomes China's largest supplier of oil

Following Western sanctions, Russia becomes China's largest supplier of oil

Russia is selling oil to China. It has become China's largest supplier of crude oil, surpassing Saudi Arabia, which was the first supplier to China before the Russian war in Ukraine.

Russian oil imports to China rose 55% from a year ago to a record high in May.

China has boosted Russian oil purchases despite reduced demand from Covid curbing life and a slowing economy.

In February, China and Russia declared that their friendship knew no bounds.

According to data from the Chinese General Administration of Customs, imports into China, which include supplies through the East Siberian Pacific pipeline and shipments by sea, totaled about 8.42 million tonnes last month.

Following Western sanctions, Russia becomes China's largest supplier of oil

That put Saudi Arabia - once China's largest source of crude oil - in second place with 7.82 million tonnes.

The US and the UK have said they will totally cut off supplies to Russian oil. While the European Union is also working to end its dependence on Russian gas. These decisions are part of the reaction and sanctions for the Russian occupation of Ukraine.

Biden said in a statement that severing its dependence on Russian gas was like cutting off Russia's main artery, implying that without selling oil, Russia would be less powerful in fighting Ukraine or any other country at risk.