China quietly increases purchases of low-priced Russian oil Posted on May 20, 2022 by cngpump The move by the world’s biggest oil importer comes a month after it initially cut back on Russian supplies, for fear of appearing to openly support Moscow and potentially expose its state oil giants to sanctions. Related posts: China’s Sinopec pauses Russia projects, Beijing wary of sanctions Russia increases its emergency spending fund by $3.5 billion Shell tightens restrictions on Russian oil buying Germany moves to wean itself off Russian energy purchases Government in talks with Russia over cut-price oil deal: HPCL China’s CNOOC has no concrete plans to take on Russian assets: CFO New gas pipeline boosts Europe’s bid to ease Russian supply India: Sudden halt to Russian oil imports would hurt citizens India’s oil imports from U.S. to rise, amid criticism for Russian purchases Czechs plan new state energy trader to boost gas security
