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, which signed a number of documents in early September to increase gas exports to China through pipelines, also plans to ramp up exports of liquefied natural gas (LNG) to the country, particularly from the Arctic LNG 2 and Sakhalin-2 projects, according to Russia’s Energy Minister, Sergei Tsivilev. He stated that “We have very substantial […]
Taiwan has become the world’s biggest importer of Russian naphtha, a petroleum derivative used to make chemicals needed for the semiconductor industry, although it has joined other sanctions against Russia and considers itself an ally of Ukraine. The findings come from a report published by the Centre for Research on Energy and Clean Air, a […]
The “Regional Quadripartite” – Russia, China, Iran, and Pakistan – has held its fourth meeting to address Afghanistan security and related affairs. The meeting was attended by Russian Foreign Minister Sergey Lavrov, Iranian Foreign Minister Seyed Abbas Araghchi, Yue Xiaoyong, the Chinese envoy on Afghanistan, and Umer Siddique, a senior Pakistani diplomat. The participants reviewed […]
The Chinese cargo ship Heng Yang 9 – which is registered in Panama – has visited Sevastopol in Crimea, marking the first major foreign vessel to use one of the Crimean ports since 2014, when hostilities with Ukraine first broke out and sanctions were imposed on the territory. While China has not adopted the western […]
The celebration of the Jewish New Year will begin today, on the evening of September 22. The celebrations will take place throughout the Jewish Autonomous Region (JAO) bordering China in the Russian Far East. The population of the region is 144,400 people. The JAO borders mainland China. Established in 1934, what became the JAO region […]
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The first ‘business accelerator’ in Russia, assisting local businesses to do business in China, has opened in Russia’s Ryazan region. Russian experts possessing China expertise will help prepare local entrepreneurs to work with Chinese partners, according to Pavel Malkov, the regional governor. He stated that “The first country accelerator for China is launching today. Sinology […]
The Russian Finance Minister, Anton Siluanov, has outlined his vision for the proposed Shanghai Cooperation Organisation (SCO) Development Bank, the formation of which was discussed at the beginning of this month at the annual SCO Heads of State summit in China. The SCO includes full members Russia, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, India, Pakistan, Iran, and […]
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 […]
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