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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Rail freight from China to Europe continues to rely heavily on transit through Russia, however the EU’s own sanctions, and especially new counter-sanctions imposed by the Kremlin, continue to create significant obstacles. For example, Italian logistics firms and importers have been complaining that containers following the China-Europe rail route have been stopping in Russia in […]
The new Nizhneleninskoye-Tongjiang cross-border bridge between Russia and China has proved beneficial to Russia’s raw material exports since it opened in November 2022, and has become a key route for Russian coal and iron ore to be transported to China. Chinese finished goods are also imported in containers via the same cross-border bridge. Russia’s Transit […]
Russian and Chinese credit rating agencies are replacing Western ratings agencies as demand for financial intelligence increases throughout Asia. Companies such as Moodys, S&P, and Fitch all exited the Russian market in 2022, when sanctions were imposed. Their work in Asia, and China has also been historically erratic, with a lack of local connections and […]
The Russian-Chinese Legal Congress is taking place on December 4th, and amongst other matters, will discuss the issue of resolving maritime disputes between BRICS countries. Anastasia Simonova, of Verba Legal, has stated that “Cooperation between Russia, China and India in the field of maritime transportation, international transit of goods, in relation to the Northern Sea […]
Russia and China have reached numerous, specific agreements on navigational safety and security along the Northern Sea Route (NSR), according to Alexey Likhachev, the Director General of Rosatom. He was speaking at the first meeting of the Subcommittee on Cooperation on the NSR of the Russian-Chinese commission. Rosatom is heavily invested in the NSR and […]
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A Chinese automaker is considering Novosibirsk and Irkutsk regions as possible locations for a plant, the chairman of the Russian-Asian Union of Industrialists and Entrepreneurs (RAUIE), Vitaly Mankevich has stated. He was speaking at the GlobalSibExpo-China 2024 Automobile Transport, Logistics and Engineering Forum in Novosibirsk. Mankevich said that “The construction of a Chinese automobile company’s […]
The Eurasian Economic Union (EAEU) is expected to sign an interim free trade agreement with Mongolia before the end of this year, according to Alexei Overchuk, the Russian Deputy Prime Minister. He stated yesterday (November 26) that “We’re approaching the signing of an interim free trade zone agreement with Mongolia, we’re expecting it.” Numerous infrastructure […]
Damate Group, Russia’s leading turkey meat producer, exported 8,300 tonnes of turkey and duck meat to China in the nine months between January and September 2024, double the volume exported in the same period last year, the company has said. Damate said that their turkey meat exports to China stood at 8,000 tonnes, of which […]
Russia has increased its exports purchases of buckwheat to China 1.8-fold year-on-year to US$75.6 million in the first 10 months of the year from US$40.9 million in the same period last year, China’s General Administration of Customs (GAC) said. Russia has retained to the position as the leading supplier of buckwheat to the Chinese market. […]
The Naushki border railway crossing between Russia and Mongolia, which is the most in-demand railway crossing between the two countries, has been enlarged and can now accommodate twice as many freight wagons for customs inspection. It has also been digitized, which will speed up border crossings and allow an increase in cargo turnover both between […]
Russian customs data indicates that over the past ten months, China has purchased US$849 million worth of enriched uranium from Russia – a 3.2-fold increase compared to the same period last year. In October, Chinese imports doubled from September, reaching US$216 million in value. Imports generally increase in the lead up to the winter months. […]
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