China boosts spend on Russia energy to $35 bn since Feb 24
China continues to expand its reliance on Russian energy, with purchases of crude, oil products, gas and coal rising to $35 billion since the war in Ukraine began on February 24, from about $20 billion a year earlier. Although import values have been inflated by the global spike in energy prices due to the conflict, China is still taking more volumes, sometimes at discounted rates, from its strategic ally, according to the latest customs figures covering March through July (Bloomberg).
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