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China Boosts Spending on Russian Energy to $35 Billion Since War

  • Russia supplants Indonesia as the biggest supplier of coal
  • Nation also remains top origin of crude oil shipments to China

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, 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. The increase comes as other countries shun Russian goods as punishment for the invasion.