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 buckwheat exports doubled year-on-year to 110,000 tonnes in the first quarter of 2025, the Agroexport federal center has reported. China remained the biggest importer, purchasing 96% of Russian buckwheat exports. Turkey imported 1% and Iran also 1%. Agroexport said that Turkey had imported a record 1,200 tonnes of buckwheat, while Iraq purchased Russian buckwheat […]
The Chinese government and Chinese businesses are interested in creating a new transport corridor that would extend from Yekaterinburg in the Russian Urals to Russia’s Arctic ports at Yamal. This would be a key part of a longer route that would connect China to the Arctic Ocean and the Northern Sea Route. The interest was […]
AirBridgeCargo, the largest cargo airline in Russia until 2022, has said it may resume operations in 2025, according to its latest financial statements. These state that “The company is monitoring changes in the geopolitical situation and expects that in 2025 there will be an opportunity to implement plans to resume operations.” AirBridgeCargo suspended flights after […]
Trilateral talks between representatives of Iran, Russia, and China on the Iranian nuclear program have been taking place in Moscow (April 8). The talks were arranged a day after Iranian Foreign Minister Abbas Araghchi rejected as “meaningless” US President Donald Trump’s proposal for direct negotiations on reviving a nuclear deal. Tehran refuses to engage in […]
Russia’s FESCO Transport Group has launched a new railway container service from China to Moscow in transit through Mongolia. This new route runs from the city of Wuhu, in China’s Anhui Province, (close to Shanghai), which is known for its engineering, automotive, electronics and chemical factories. The train then travels through northern China, and passes […]
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The United States has today (April 2) released new, immediate sanctions on Russia and in particular its energy sector. These appear based on a list of 50 measures introduced as a bill by several US Senators on Monday. Interestingly, these contain substantial penalties for third countries either buying from or handling Russian oil. Touted by […]
The Chinese Foreign Minister, Wang Yi, has been visiting Moscow this week and held meetings with Russian Foreign Minister Sergey Lavrov and President Vladimir Putin. Discussions revolved around bilateral and multilateral relations, including the coordination of Sino-Russian strategy as concerns the United Nations and the UN Security Council. Russia in particular has recently been unhappy […]
The Bank of Russia has released 2024 statistics showing that the current account surplus of the balance of payments of Russia for the year amounted to US$62.3 billion. That is US$12.8 billion, or 26.0% more than in 2023 (US$49.4 billion). The Central Bank had previously estimated the current account surplus for last year at US$53.8 […]
The Irtysh River originates in the Xinjiang Province of China and flows north-west across Lake Zaisan in Kazakhstan, meeting the Ishim and Tobol Rivers before merging with the Ob River in Western Siberia. The total length of the Irtysh across China, Kazakhstan and Russia is 4,248 kilometres, and it is navigable for 3,784 kilometres, from […]
Russia’s Lavna Port on the Western shore of the Kola Bay in Murmansk is now ready for operations, with the commissioning work on the construction of the first stage now completed, and the terminal is ready for launch, according to Andrey Chibis, the Chairman of the State Council Commission on the Northern Sea Route and […]
The Russian Culture Minister Olga Lyubimova has said that Russia and China are planning to adopt an action plan in collaborative filmmaking and approve specific ideas for co-produced films, saying that “Our goal is to approve specific ideas for co-produced films, which would not only attract a large audience in Russia and China, but will […]
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