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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The Russian Foreign Minister, Sergey Lavrov, has met with China’s Foreign Minister Wang Yi at the BRICS Foreign Minister’s meetings in Rio de Janeiro. This is what they had to say: Sergey Lavrov’s Statement “Dear friend, we meet regularly and frequently, which allows us to remain in good shape. You said that we are likely […]
Russia and China have conducted navigation studies for the development of shipping lanes on the border sections of the Amur, Ussuri, Argun, Sungacha and Lake Khanka rivers, according to the Amur basin of inland Waterways (FBU Administration Amurvodput). The recent 66th meeting of the Joint Russian-Chinese Commission for Navigation on Border Rivers agreed on planned […]
The countries of the Global South, which include 133 countries in Asia, Africa, Latin America and the Middle East, will trade more actively with China in the next decade, the Boston Consulting Group (BCG) has stated in their latest report. They note that trade turnover between China and the Global South will grow by 5.9% […]
Uzbekistan’s atomic energy agency Uzatom, Russia’s Rosatom Group, China National Nuclear Corporation (CNNC) division CNOS, and Shanghai Electric have been holding negotiations on building turbine equipment and assessing the prospects of adapting it for a nuclear power plant (NPP) project in Uzbekistan. Uzatom has stated that “In the course of the negotiations the parties discussed […]
Russia’s Trade & Industry Ministry has stated that Russia will impose increased customs duty of 35% on perfume, eau de toilette, powder, hair and lip makeup products, as well as skin care products imported from unfriendly countries. The tariffs are immediately effective. The Ministry notes said that the updated list of goods subject to duty […]
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In order to maximise the potential of the Northern Sea Route (NSR) and develop it into one of Russia’s key transport lanes, Russia’s Arctic seaports need to be integrated with Russia’s railway and road shipping infrastructure and inland waterways, according to Nikolai Patrushev, Russian presidential aide and the Chairman of Russia’s Maritime Board. Speaking at […]
Two more logistics terminals will be built on the Russian border of Buryatia with Mongolia: one near the Naushki railway checkpoint, the second near the Kyakhta checkpoint, according to the Kyakhtinsky government. The construction projects will begin immediately, and should be completed by 2027. The local newspaper stated that Andrey Fomin, the head of the […]
China’s auto manufacturers have leapt to a 45% Russian market share over the past three years as European manufacturers exited the market and Chinese brands swept in to replace them. However, oversupply and changes in Russia’s import tariffs on vehicles have meant that up to ten Chinese brands may leave the Russian market due to […]
Argentina’s President Javier Milei has stated that Russia, the United States and China will establish distinct zones of influence under the emerging new world order. Speaking during a local radio interview, he said that “The world order is being redefined. The United States will now lead the Americas, Russia will lead Eurasia, and China will […]
Russia’s Murmansk Arctic Port, near to Norway and originally intended to service Northern Europe, has been sanctioned by the EU and remains off limits for use by European operators. However with the increasing use of the Northern Sea Route, it is ideally positioned to take advantage of Western Russian exports to China and Asia, a […]
Belarus is planning the first shipments to China through Russia’s Arkhangelsk port, according to Alexander Tsybulsky, Governor of the Arkhangelsk Region, and Belarussian officials and exporters. Over the past three years, Arkhangelsk’s export cargo turnover has increased by 50%, which was the result of systematic work to strengthen the logistics infrastructure. Tsybulsky stated that “In […]
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