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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Two Chinese airlines have introduced new direct routes to Vladivostok in the Russian Far East. They are a regional flight between Harbin, the Provincial capital of China’s northern Heilongjiang Province, which borders Russia, and flights from Shenyang, the Provincial capital of China’s eastern Liaoning Province. These flights will be operated by China Southern (Harbin) and […]
China’s Xinjiang Sanbao Industrial Group is to purchase the bankrupt Tomskgeoneftegaz LLC, a small oil production company in the Tomsk region, for about ₽4 billion (US$51.2 million). Sanbao’s investments are expected to partially cover creditor claims after reaching a deal with the main creditor, the Kazakhstan collection agency Eagle LLP. According to its website, Xinjiang […]
The Eurasian Agro-Express service, which was originally designed to service the Chinese markets and Southeast Asian markets with high-speed deliveries of perishable goods from Russia and the Eurasian Economic Union, could be extended. Andrei Slepnev, the Minister for trade at the Eurasian Economic Commission (EEC), stated at the fourth Eurasian Economic Forum in Minsk on […]
Russia’s Energy Minister, Sergei Tsivilev, has met with Wang Hongzhi, the head of China’s National Energy Administration, at a meeting for energy ministers from the Shanghai Cooperation Organization (SCO) member states and discussed current issues around bilateral collaboration in fuel and energy as well as promoting fair energy access throughout the world. Tsivilev and Wang discussed LNG […]
China’s interest in the construction of Russia’s proposed Power of Siberia 2 pipeline, which would deliver gas via Mongolia, has intensified following the outbreak of the conflict between Iran and Israel, according to sources in Beijing. The planned pipeline would allow up to 50 billion cubic meters (bcm) of natural gas to be delivered annually […]
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Chinese meat importers have begun favoring Russian products, considering them more cost-effective and of higher quality than competitors, according to the Russian Agroexport federal center, in discussions during the Russian export business mission in Chengdu, China. Yongli Sun, of Beijing Hopewise International Trading, began importing Russian meat in 2024. He said that initial meetings with Russian exporters took place in April last year, […]
Vladivostok Marine Fishing Port (Vladmorrybport), a stevedoring company at Vladivostok, in the Russian Far East, has begun servicing a regular container service operated by FAST Shipping Line with the Chinese port of Qingdao, the company has said, stating, “Vladmorrybport received the first vessel, Gang Tong 19, on June 17. It is planned that the line will […]
Russian rapeseed oil has gained increasing popularity in the Chinese market and now accounts for over half of China’s imports of this product, according to Dmitry Kurbatov, Director of International Trade at Forward East Group. He was speaking at a Russian export business mission in Chengdu, China. Kurbatov said, “Chengdu is the global capital of […]
A new cryptocurrency token designed to allow cross-border payments to avoid western financial sanctions on Russia has moved some US$9.3billion on a dedicated crypto exchange in just four months since it was launched, according to the Financial Times. Described as the first stablecoin pegged to the Russian ruble, the A7A5 token was officially launched in […]
Russia’s FESCO Transport Group intends to set up transport and logistics hubs in China and India, according to FESCO’s Vice President for Finance, Leonid Zvyagintsev. The hubs will be used to transport goods both within the Shanghai Cooperation Organization (SCO) countries and to Africa. Zvyagintsev said that FESCO has initiated the transition to digital veterinary […]
There has been a significant increase in cargo and passenger flows at the Kraskino checkpoint on the border of Primorsky Krai with China, according to FGKU Rosgranstroy, the government agency that monitors cross-border vehicle traffic. Compared to 2024, the number of vehicles crossing at Kraskino increased by 45% in the January-May period. This included 19,000 trucks, 6,000 buses and 187,000 individuals who […]
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