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Summary: Report: Chinese firms halt Russian oil purchases NHK

1. Chinese state-run companies like PetroChina and Sinopec have decided to halt some purchases of seaborne Russian crude.
2. This move comes before President Xi Jinping's visit to South Korea for a multinational summit, potentially affecting 30% of Russia's federal revenue from oil and gas.
3. The US has imposed sanctions on two major Russian oil companies, aiming to pressure Moscow to negotiate a ceasefire or peace deal in Ukraine. Russia seems confident it can mitigate the impact of these actions.
Summary
Chinese state-run companies PetroChina and Sinopec have temporarily halted some Russian crude purchases, affecting approximately 30% of Russia's oil and gas revenue. This decision precedes President Xi Jinping's visit to South Korea for a multinational summit. The US has imposed sanctions on two
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ID: 6497e2aa-eda5-494c-b22d-40a59d6233a0

Category ID: listed_summary

URL: https://www3.nhk.or.jp/nhkworld/en/news/20251025_N01/#summary

Date: Oct. 25, 2025

Notes: 2025-10-25

Created: 2025/10/25 14:40

Updated: 2025/12/07 23:29

Last Read: 2025/10/26 14:03