Sinopec resumes Russian oil purchase after short pause amid sanctions risks

Sinopec, Asia's top refiner, resumed purchases of Russian oil after a brief pause last month to assess risks from sanctions imposed by the United States on Russian entities, trade sources said on Wednesday.

Unipec, a trading arm under China's state-run Sinopec, has bought May-loading Russian Far East ESPO Blend oil, the sources said, having been absent from the trade of March and April-loading ESPO cargoes.