China’s imports of Russian coal hit 5-year high

China’s imports of Russian coal hit a five-year high - 8.54 million tons last month amid soaring energy demand in the world’s second-largest economy, Report informs referring to Al Jazeera.

China’s purchase of Russian imports rose 60 percent in August to $11.2 billion on the back of surging demand for oil, coal and gas.

Chinese exporters have also ramped up shipments to Russia, with trade volume last month jumping 26 percent year-on-year to $8 billion.

Bilateral trade between the sides reached $117.2 billion in the first eight months of 2022, up more than 31 percent year on year.

China and Russia, which earlier this year declared their friendship to have “no limits”, have deepened their economic cooperation.

Beijing has declined to condemn the invasion and railed against Western-led sanctions against Moscow, although it has expressed its hope for negotiations and peace between the sides.