Reuters reports that one of China's largest refiners, Yanchang Petroleum, has stopped buying Russian oil due to US sanctions.
The refinery has previously regularly purchased Russian oil. However, a series of recent Western sanctions on Russian oil supplies has led Chinese state-owned oil companies and some Indian refiners to shy away from buying it, experts told Reuters, citing fears of secondary sanctions.
Yanchang Petroleum is one of China's largest refineries, with a processing capacity of 348,000 barrels per day.
