BEIJING -- China in May imported more crude oil from Russia by volume than from any other country for the first time since December, months before the invasion of Ukraine, capitalizing on deeply discounted prices as Western buyers steer clear.
Energy
China's oil imports led by Russia for first time since Ukraine war
Shipments grew 55% in May as Western sanctions depressed demand
A Chinese vessel sits near oil tanks at a refinery in Dalian, China. © Reuters
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