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China Pays $367 B for Russian Fuel, Putin Visits Beijing

5/19/2026

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China Buys Russian
  • China has bought over $367 billion of Russian fossil fuels since the Ukraine invasion, becoming Russia’s largest energy customer.
  • Russian President Vladimir Putin began a two-day state visit to China on 19 May 2026, meeting Chinese President Xi Jinping in Beijing.
  • The Power of Siberia 2 pipeline could add 50 bn cubic metres of gas to China.
  • A deputy warned the war’s economic strain could force a swift end, highlighting domestic pressure.
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