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China ramped up crude oil imports from Russia in May, customs data showed Monday, helping to offset losses from Western nations scaling back Russian energy purchases over the invasion of Ukraine. The spike means Russia has overtaken Saudi Arabia to become China's top oil provider as the West sanctions Moscow's energy exports. The world's second-biggest…

Chinese purchases help offset losses from Western nations scaling back Russian energy purchases over invasion of Ukraine

China’s overall imports from Russia spiked 80pc in May from a year ago to $10.3bn, customs data show.

Despite the Western sanctions, Russia has overtaken Saudi Arabia becoming China's main source of oil in May, customs data showed Monday

Sanctioned Russia becomes China's main source of oil