INSUBCONTINENT EXCLUSIVE:
from the West, the business daily Vedomostireported Friday, citing Chinese customs data.Russia exported 10.5 million tons of crude oil to
China in June, breaking the previous record of 9.71 million tonsset in May and marking a 44% increase from last year.Russia led all other
Russia exported 52.6 million tons of crude to China between January and June, a 27% increase from the same period last year.But while trade
volumes were up, revenues slumped from $29 billion in January-June 2022 to $28 billion in the first half of this year.And revenues for the
record-setting 10.5 million tons of Russian crude sold to China last month just barely squeaked past the $5.22 billion in revenues for June
2022, amounting to $5.23 billion.Moscow has turned to Beijing alongside other mostly Asian buyers after Western countries imposed multiple
rounds of sanctions over its invasion of Ukraine.The Russian government expects to ramp up energy deliveries to China by 40% in
according to Chinese customs data
In the first six months of 2023, trade turnover in dollar terms was more than double pre-pandemic levels.Chinese leader Xi Jinping and
Russian President Vladimir Putin pledged to boost trade to $200 billion in 2023 as they hailed their "no limits" partnership.
