Russia and China Strengthen Energy Ties Before Summit
Russia is increasing oil and gas exports to China to replace European trade. Putin and Xi will discuss further energy cooperation at their Beijing summit.
Xurve View
Insights:
Xurve View
Russia and China are expanding energy trade as Russian oil exports to China rose 35% to 31 million tons in the first quarter of 2026. The growth follows a "no limits" partnership and 2025 crude imports that reached 2.01 million barrels per day. For investors, this shift cements China as Russia's primary energy outlet while Moscow replaces lost European market share.
