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Russia's Oil Supplies to China from 2022 Generate Around $20 Billion in Economic Benefits - Sechin
25 November 2025The economic effect for China from Russian oil supplies starting in 2022 amounts to about $20 billion, according to Igor Sechin, Executive Secretary of the Presidential Commission for Strategic Development of the Fuel and Energy Sector and Chief Executive Officer of Rosneft Oil Company.
“Owing to higher efficiency of purchasing Russian oil versus an alternative from the Middle East, the cumulative economic effect for China from the year of 2022 in our estimates is about 20 billion dollars,” Sechin said at the opening of the VII Russian-Chinese Energy Business Forum (RCEBF) in Beijing.
According to him, Russian energy supplies are a key supporting factor in China's achievement of its strategic goals. Over the past 10 years, Igor Sechin noted, thanks to a timely reorientation towards the East, Russia has become China's number one oil supplier with a share of around 20%.
Department of Information and Advertising
Rosneft Oil Company
November 25, 2025