August 20, 2022
1 min read

China increases Russian energy imports

While many European countries are trying to wean themselves off Russian gas, China is importing an increasing amount of energy from its neighbour.

Data from Beijing’s Customs Office on Saturday showed that Russia is China’s largest supplier of oil for the third month in a row, reports dpa news agency.

In July, China imported a total of 7.15 million tonnes of Russian oil, up 7.6 per cent year-on-year.

At the same time, China’s coal imports from Russia rose to the highest level in more than five years with 7.42 million tonnes in July — around 14 per cent more than in the same month last year.

While the European Union has been trying to reduce its dependency on Russian energy supplies in light of the country’s invasion of Ukraine, which started nearly six months ago, China has been taking advantage of discounted commodity prices from Moscow to increase imports.

Beijing has so far not condemned Russia’s war in Ukraine.

ALSO READ: US top commander calls for action against China

Previous Story

‘War not an option’: Shehbaz bats for peaceful ties with India

Next Story

Imran faces arrest in foreign funding case

Latest from -Top News

Trump Targets BRICS Allies with New Tariff

This move coincides with the ongoing BRICS summit being held in Rio de Janeiro, Brazil…reports Asian Lite News US President Donald Trump has announced that an additional 10 per cent tariff will

BRICS Endorses India’s Stand on Terror

The treaty proposed by India within the UN framework aims to provide a comprehensive legal basis for combating terrorism….reports Asian Lite News The leaders’ joint statement, issued after the 17th BRICS summit

BRICS Slams US Tariff Hikes

The leaders criticised developed nations for using environmental issues to justify trade restrictions on developing countries….reports Asian Lite News Rio de Janeiro, July 7 (IANS) Embroiled in a trade war launched by

US Tariffs Pushed to August Amid Talks

In April, Trump announced a base tariff of 10 per cent on most of America’s trading partners and thereafter additional duties ranging up to 50 per cent….reports Asian Lite News US President

Indonesia Joins BRICS Bloc

This year’s BRICS Summit saw an expanded format, reflecting the grouping’s growing relevance in international affairs….reports Asian Lite News Prime Minister Narendra Modi formally welcomed Indonesian President Prabowo Subianto into the BRICS
Go toTop

Don't Miss

UAE’s non-oil foreign trade records 27% growth

The value of national non-oil exports amounted to about AED

Supply Cuts by Saudi, Russia Could Push Oil to $107

That announcement lifted Brent crude oil above $91 a barrel