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 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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Russian Railways has transported 145 million tonnes of cargo to China over the first 10 months of 2024, 8.5% more than in the same period of 2023, according to Sergey Pavlov, the Deputy head of Russian Railways. He was speaking at the “Effective Multimodal Logistics: Horizons of the Future” event during the Russian Transport Week […]
China’s State Administration of Customs has said that Russia exported pork products worth US$10.98 million to China in October 2024, almost double the amount exported in September, when the figure stood at US$5.93 million. The October figure represents a return to the export level seen in August, when Russia exported US$11.3 million of pork to […]
PipeChina, the operator of the East Route pipeline that carries Russian natural gas from Siberia to eastern China, has said that the pipeline has now been completed, and will soon be fully operational. The 5,111 km cross-border pipeline is now entering its final commissioning phase, while the southernmost section, linking Jiangsu Province with Shanghai is […]
The G20 annual summit has concluded in Rio de Janeiro, Brazil, with Russia attending with Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Türkiye, the United Kingdom, the United States, the African Union and the European Union. The Russian delegation was led by Foreign Minister […]
The Asia-Pacific Economic Cooperation (APEC) annual summit has concluded in Lima, Peru, with Russia as a member along with Australia, Brunei, Canada, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, the United States, Taiwan, Hong Kong, China, Mexico, Papua New Guinea, Chile, Peru, and Vietnam. The Russian delegation was led by Deputy […]
Russia’s new Pacific Railway has opened, with the first test coal-laden train passing along the route. The laying of the new tracks has been fully completed, with the route expected to be fully operational next year. It has been designed exclusively for the transportation of coal from the Elga deposit in Yakutia to Port Elga […]
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