Russia remains China’s largest supplier of oil, but deliveries have gone down in 2025, amid global trade tensions and tariff threats from the United States. Recent reports have indicated the trend is turning this summer but it’s yet to offset the notable drop in volume and even steeper decline in value registered by official Chinese

While Indian state refiners have paused Russian oil purchases in the wake of US tariffs, Chinese refineries have continued to buy Russian oil under encouragement from the Trump administration.