The top energy consumer in the world is anticipated to increase imports even more.
According to customs figures cited by Bloomberg on Tuesday, China’s spending on energy imports from Russia reached a record $8.3 billion last month. In August, 83% of China’s total imports from Russia were for energy.
Beijing has increased its reliance on Moscow for imports of crude oil, petroleum products, natural gas, and coal, claims the research.
The collection for August apparently comprised a record amount of coal and was 68% greater than a year ago. It increased the total over the course of six months by 74%, reaching around $44 billion.
It is projected that the country with the highest energy consumption will import even more.
China spent a record $8.3 billion last month on energy imports from Russia, according to customs data published by Bloomberg on Tuesday. Energy made up 83% of China’s overall imports from Russia in August.
According to the study, Beijing has become more dependent on Moscow for the import of crude oil, petroleum products, natural gas, and coal.
The collection for August was 68% higher than a year ago and reportedly included a record amount of coal. Over the course of six months, it boosted the sum by 74%, bringing it to over $44 billion.
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