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 United Engine Corporation (UEC) and China’s New JCM Group from Chengdu have signed an agreement to cooperate on the production, delivery, and servicing of gas turbine equipment, UEC stated on Tuesday (July 8). They said that “The Russian state corporation Rostec’s United Engine Corporation and Chinese company New JCM Group Company Ltd. have signed […]
Russian and Chinese investors plan to set up a Joint Venture in the Titanium Valley Special Economic Zone (SEZ) to manufacture precision wire for electrolysis equipment, according to Sverdlovsk Region Deputy Governor Vasily Kozlov. He did not name the participants but stated “One of the residents of the Titanium Valley SEZ, in cooperation with a […]
The St. Petersburg Exchange will complete the first timber export deal with China at the end of his month, according to Alexei Ryzhikov, the Managing Director of the exchange. He stated that “The Kazakhstan timber export project which we announced last year, is moving along nicely, and has had 44% growth this year. We have […]
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 […]
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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 […]
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 […]
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