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China State Firms Curb Russian Oil Imports on Sanctions Risks
Energy & Power
|EP_22_20 (Energy & Power Vol 22 Issue 20 April 1, 2025)
Chinese state oil companies are shying away from Russian oil this month, with two importers halting purchases while two others scaled back volumes as they assess compliance following recent US sanctions on Moscow, multiple trade sources said.
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Russian oil supplies to top buyers India and China fell sharply following the January 10 sanctions by the former Biden administration targeting Russian producers Gazprom Neft and Surgutneftegaz as well as insurers and more than 100 vesse
This story is from the EP_22_20 (Energy & Power Vol 22 Issue 20 April 1, 2025) edition of Energy & Power.
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