Sinopec $600028.SS, Asia's largest oil refiner, has resumed buying Russian crude oil following a brief pause. The decision to restart imports came after a comprehensive assessment of risks associated with the latest wave of U.S. sanctions impacting Russian energy entities. The move reflects ongoing market volatility, as both supply chains and strategy decisions by leading players are increasingly shaped by a complex regulatory environment.

Recent reports on the financial results of Sinopec, China's largest oil refining company, have caught the attention of analysts and investors. In 2024, the company's net profit decreased by 16%, totaling 49 billion yuan ($6.8 billion) compared to 58.3 billion yuan in 2023. These results fell short of analysts' expectations, which forecasted a profit of 56.4 billion yuan.