Follow CGSP on Social Media

Listen to the CGSP Podcast

China’s About to Buy a Lot More Russian Oil and That’s Bad News for Iran

Iran’s once steady business of selling large quantities of oil to China’s independent refineries may soon become the latest casualty of Russia’s invasion of Ukraine. 

For years, China provided Iran a vital cash flow by supplying the Chinese with as much as 7% of their total oil imports. Much of that oil was laundered through transshipments via Oman, the UAE, and Malaysia among other countries, circumventing U.S. sanctions.

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

What is The China-Global South Project?


The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.


A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.


Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.


A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.