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In June, for the second month in a row, Russia was China’s top supplier of oil, as buyers shunned Saudi Arabia’s crude, taking advantage of cheap supplies Moscow is offering.
According to market data released by Reuters on July 20, Chinese imports of Russian oil were 7.29 million tons in June, or almost 10 percent more than a year ago. The amount of Russian oil was more than 2 tonnes more than China has bought from Saudi Arabia, Beijing’s traditional oil supplier.
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