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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Russia’s Yuzhny Port terminal in Moscow has received a train with consumer goods from China for the first time, according to Russian Railways Logistics. The cargo was destined for the Southern Port Terminal, which has launched a regular import container service, with trains being prepared at China’s main Hefei city railway station and transiting through […]
The Irtysh River should become an international logistics route for access to Kazakhstan and China, according to Dmitry Ushakov, the Acting Governor of the Omsk region. He said that cargo transport development along the river can connect several Russian regions and provide access to the Northern Sea Route. Ushakov said that “The Irtysh River should […]
The Transport Ministers of the member countries of the Shanghai Cooperation Organisation (SCO) have signed an MoU concerning the development of road and roadside services along the ‘Silk Road’ – the vehicle and highway network between member countries. The Russian side was represented by Dmitry Zverev, the Deputy Minister of Transport. They discussed the joint […]
The share of friendly countries in Russia’s foreign trade has increased from 46% to 82% over the past three years, including more than 85% of export deliveries now going to these countries, Russian Deputy Prime Minister Alexander Novak has stated. He was speaking at a government strategic meeting, “Training personnel in foreign economic activity to […]
Beijing has increased purchases of Russian metals, according to Chinese customs data. Chinese imports of Russian aluminium jumped nearly 56% year-on-year to almost one million tons between January and May, while copper purchases surged 66% and nickel imports more than doubled, according to the Chinese statistics. While Russia’s largest aluminium producers Rusal and Norilsk Nickel […]
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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 […]
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, […]
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