Chinese refiners have snapped up Russian barrels as EU buyers shun direct purchases due to sanctions Russia was China’s second-largest supplier of oil in 2022 for the second consecutive year, the latest data published on Friday by the Chinese customs agency shows. China’s imports of Russian crude increased by 8.2% in 2022 compared to the previous year, and amounted to 86.3 million tons, or 1.7 million barrels per day (bpd). In monetary terms, Chinese purchases of Russian oil last year totaled $58.4 billion. After EU buyers shunned crude shipments from Russia, the country’s barrels have been trading at steep disco
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