China increased its coal and oil purchases from Russia, as data from the Beijing customs office on Saturday showed that Russia was the largest supplier of oil to China for the third month in a row.
According to the data, Russia’s oil imports to China in July amounted to about 7.15 million tons, an increase of 7.6 percent year on year.
Meanwhile, China’s imports of Russian coal rose to their highest level in more than five years. Beijing imported 7.42 million tons of coal from Russia last July, an increase of about 14 percent year on year.
While the European Union has been seeking to significantly reduce its energy dependence on Moscow since Russia’s war with Ukraine, China is taking advantage of cheaper raw material prices from Russia to increase imports. The leadership in Beijing does not condemn the war in Ukraine, but affirmed its loyalty to Moscow.
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