At the VIII Russian‑Chinese Energy Business Forum in Vladivostok, Igor Sechin, Chief Executive Officer of Rosneft, outlined the expanding Russia‑China energy partnership and its implications for global markets. Trade turnover between the two countries increased 26 % in the first seven months of 2026 compared with the same period in 2025. Russian energy resources now account for more than 60 % of Russia’s exports to China, and Russia remains China’s largest energy supplier with a 22 % share. Russia has been China’s top crude‑oil supplier for four consecutive years, delivering over 100 million tonnes annually; in the first seven months of 2026 deliveries reached 67 million tonnes, pushing Russia’s share of China’s oil imports to a record 23 %. Sechin estimated that the greater efficiency of purchasing Russian oil versus Middle‑Eastern alternatives has generated $27 billion of economic benefit to China since 2022. Russia is also China’s largest gas supplier, providing almost 30 % of China’s natural‑gas imports by the end of 2025, including 47 % of pipeline gas and 14 % of LNG. Russia supplies roughly 20 % of China’s coal imports, amounting to about 90 million tonnes in the previous year. In the broader energy landscape, China accounts for about 30 % of global industrial production, 54 % of global steel output, 85‑90 % of rare‑earth processing and over 70 % of renewable‑energy equipment manufacturing capacity. Its electricity consumption exceeded 10 trillion kWh last year, with installed generation capacity surpassing 4,000 GW, of which more than 500 GW was added in a single year. Coal‑fired generation added 78 GW, while new projects total over 160 GW; coal is projected to supply around 40 % of China’s electricity over the next decade. Russia supplies about 20 % of China’s coal imports (≈90 million tonnes) and participates in nuclear projects: four 1,200 MW units at Tianwan Nuclear Power Plant and new units at Tianwan and Xudapu built with Russian reactors, plus involvement in the CFR‑600 fast‑neutron demonstration reactor and up to 90 % of China’s enriched‑uranium purchases, which rose 40 % in 2025. Renewable generation in China grew tenfold from 2015 to 2025, reaching 25 % of total generation and targeting 30 % by 2030; battery‑energy‑storage capacity commissioned in 2025 was 162 GWh, about half the global total and 3.5 times the United States figure. Electrification of transport accelerated, with public‑charging electricity sales up more than 60 % year‑on‑year in May 2026, reducing motor‑fuel demand by 1 million barrels per day. Sechin highlighted the strategic importance of critical minerals and logistics, noting that China processes 90 % of global rare‑earths while Russia holds 10 % of the world’s reserves. Russia doubled its copper concentrate and copper shipments to China in the previous year, and copper‑ore deliveries also doubled in the first seven months of 2026. China’s strategic oil reserves stand at 1.4 billion barrels; between February and June 2026 China cut oil imports by 5.5 million barrels per day, averting an estimated $30 billion increase in oil prices. The Hormuz crisis underscored supply‑chain vulnerabilities, and the Northern Sea Route can cut delivery times by 1.5‑2 times and costs by one‑third, with China potentially gaining priority access through its partnership with Russia. Bilateral settlements are now largely conducted in rubles and yuan, reflecting deeper financial integration amid tariff wars, US‑dollar volatility, rising Western government debt and erosion of the international legal system. Sechin concluded that conditions for further development of the strategic partnership are in place and urged both nations to strengthen cooperation.