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EconomyChina saved over $27 billion by sourcing oil from Russia, Rosneft CEO says

Rosneft CEO Igor Sechin said China has gained estimated cumulative economic savings of more than $27 billion since 2022 by purchasing Russian crude more cost-effectively than Middle Eastern alternatives. He said Russia and China’s positions in the global economy and energy sector provide a strong foundation for bilateral synergy.

Russian oilChina importsenergy cooperation

TTASS★★★☆☆2026-09-04 09:41Original

China saved over $27 billion by sourcing oil from Russia, Rosneft CEO says
Economy