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China's crude oil imports from Russia increased by 1% in 2024, setting a new record compared with 2023. The rise in imports reflects China's preference for discounted Russian supplies amid weakened refining margins, reported Reuters.

China’s crude oil imports from its largest supplier, Russia, surged to record levels in 2024, while imports from Saudi Arabia declined. Accordi

Imports of Russian crude oil to China reached a record high in 2024, rising by 1% compared to 2023, Reuters reported on Jan. 20. The Russian fossil fuel industry is the primary economic driver of Moscow's full-scale war against Ukraine.