Russia-China bilateral trade has exceeded US$200 billion for three consecutive years, with China remaining vital for Russia’s economy. Key exports for Russia are oil and gas, while China sends cars, electronics, and industrial components, with both nations deepening strategic cooperation and substantial joint infrastructure projects and connectivity despite global pressures. The trade mix however is changing as Russia looks to access markets deeper into the country and its significant Central and Southern populations.
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A week after signing a memorandum with China on the Power of Siberia 2 pipeline megaproject, Gazprom is discussing future major construction projects with Russian suppliers of the key component part needed to build gas pipelines: large-diameter pipes. A legally binding memorandum was signed in Beijing on September 2 on the construction of the Power […]
The Russian Transport Minister, Andrey Nikitin, has been visiting China, where he held bilateral meetings with transport officials from Kazakhstan and China. A main part of the discussions was about the potential for introducing digital and unmanned technologies in transportation between the three countries, the Russian Transport Ministry has said. The concept revolves around the […]
China’s Xuan Yuan Industrial Development Co. Ltd will act as the general contractor for the construction of an oil, gas and chemical terminal with a capacity of 7 million tonnes per year near the railway bridge crossing across the Amur River from Nizhneleninskoye in Russia’s Jewish Autonomous Region to Tongjiang in China’s Heilongjiang Province. Russia’s […]
Update: September 11The European Union has rejected US President Donald Trump’s request to impose high tariffs on some goods from China and India, arguing that the bloc does not use tariffs as a sanctions tool. As we mention in this article, this decision will also carry implications for the EU as concerns its relations with […]
Russia’s state-owned nuclear operator, Rosatom, is preparing to raise funds on the Chinese bond market. Rosatom, which builds nuclear power plants in Russia and abroad, is discussing the possible timing of a sale of RMB Yuan “Panda Bonds” and advise on how much it might raise. We first raised the intelligence that the offering was […]
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The BRICS nations convened an emergency virtual summit yesterday (September 8), hosted by Brazilian President Lula da Silva, to discuss the situation concerning the United States imposition of trade tariffs on multiple countries including BRICS members. The meeting lasted about 90 minutes. All ten full BRICS members were present, represented by Brazilian President Lula Da […]
The trade turnover between Russia and China, which grew by almost 2% last year to US$245 billion, can be expected to grow by another US$30 billion in the coming two years, according to Peter Zaselsky, the Chairman of Russia’s Roseximbank. He was speaking at the Far Eastern Economic Forum in Vladivostok. Russia-China trade turnover has […]
Plucky little Laos, in southeast Asia, has just become the latest country to ignore US import tariffs, by stating that it will redirect its US exports to other markets. Laos has been hit with a 40% import duty on its products. What is surprising about this move is that Laos is a relatively small country, […]
Russia’s FESCO transport group has transported a record volume batch of over 9,000 tonnes of peas during August, from southern Russia to China. FESCO stated that “The delivery was carried out with the leading exporter ‘Sila Sibiri’ using the regular FESCO Black Sea Service (FBSS) on the Novorossiysk Qingdao route.” This is part of the […]
Discussions With Senior Officials From China, Mongolia, Laos, and about the Russian Economy: Full Contents & Analysis The Russian President, Vladimir Putin, has taken part in a series of conversations as part of the Far Eastern Economic Forum in Vladivostok. Other participants included Sonexay Siphandone, the Prime Minister of Laos, Gombojav Zandanshatar, the Prime Minister […]
There has been much speculation about the financial arrangements and costs of building the Power of Siberia 2 gas pipeline between Russia, Mongolia and China, with Russian Energy Minister Sergei Tsivilev clarifying details at the Eastern Economic Forum currently taking place in Vladivostok. He said that the financing scheme for the project and other issues […]
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