China’s Spending on Russian Energy Climbs to Record $8.3 Billion
- Total outlay since the invasion of Ukraine is now $44 billion
- Increase last month included a record haul of Russian coal
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China’s spending on Russian energy products hit a record $8.3 billion last month, as the world’s top importer continues to expand its reliance on Moscow for overseas supplies of crude, oil products, gas and coal.
The haul for August was 68% higher than a year ago and included a record amount of coal, according to Chinese customs figures on Tuesday. It brings the total over the six months since Russia’s invasion of Ukraine to nearly $44 billion, an increase of 74%.