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China’s oil imports from Russia down 9% in Jan-Feb to 12.66 mln tonnes, says customs

Russia is still the second-biggest crude supplier to China after Saudi Arabia (with 14.6 mln tonnes of oil worth $8.74 bln sold to China in January-February, down by 3% and up by 51.4%, respectively), according to the figures released

BEIJING, March 20. /TASS/. China’s oil imports from Russia decreased by around 9% in January-February year-on-year to 12.66 mln tonnes, the General Administration of Customs of China announced on Sunday.

Despite the decrease in physical volumes, the cost of oil purchased by China from Russia rose by 31.4% in two months to $7.46 bln.

Russia is still the second-biggest crude supplier to China after Saudi Arabia (with 14.6 mln tonnes of oil worth $8.74 bln sold to China in January-February, down by 3% and up by 51.4%, respectively), according to the figures released.

In 2021, China’s oil imports from Russia lost 4.5% to 79.64 mln tonnes, while in value terms oil imports added 45.5% to $40.29 bln, according to China’s customs.