Moscow has outpaced Saudi Arabia as Chinese demand drives record imports, trading data has shown
Russia’s seaborne crude shipments to China hit a record 1.86 million barrels per day (bpd) in January, up 46% year-on-year amid falling Indian imports and rising US pressure on New Delhi to curb Russian oil purchases.
In response to Western sanctions, Russia has rerouted most of its energy exports to Asia, particularly to India and China. Moscow’s energy exports to China are expected to keep rising, driven by strong demand, Aleksandr Daniltsev, Director of the Trade Policy Institute at the National Research University Higher School of Economics…
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