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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In another example of China’s Belt & Road Initiative investments leading into Russia, China’s Guangdong Xinhui Cimc Special Transportation Equipment Co. Ltd; (GXCSTE) a container manufacturer, plans to develop cargo shipments through the Lotus Special Economic Zone (SEZ) in Russia’s Astrakhan Region, on the Caspian Sea. GXCSTE, the Moscow-based Kiton Group, and JSC Lotus SEZ […]
As we predicted would happen, Chinese investors have already begun making investments into tax incentive-driven projects in Russia. China’s Xuan Yuan, (XY Group) a Beijing-based, cross-border investment firm that specialises in international trade, including railway rolling stock and other large export of electromechanical products, public safety testing equipment, urban public security and emergency systems, urban […]
The Russian President, Vladimir Putin, gave a plenary speech at the Eastern Economic Forum (EEF) on Thursday (September 5) in which he outlined Russia’s plans for regional Asian development and other issues related to security, trade and investment. The speech was one of Putin’s longer talks, lasting close to 45 minutes. Attendees included the Malaysian […]
Han Zheng, China’s Vice President, has been attending the Eastern Economic Forum in Vladivostok, and gave a speech at the event. China is Russia’s largest trade partner and shares a significant border with the Russian Far East. This is what he had to say: “Forum participants, ladies and gentlemen, friends. I am happy to be […]
Chinese car manufacturers Chery has become the largest foreign company in Russia by revenue in 2023, according to Forbes magazine. Chery is the first ever Chinese company to claim the top spot in the Forbes ranking. The brand increased its sales in Russia by 300% year-on-year to over ₽590 billion (US$6.65 billion). According to the […]
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Russian truckers and logistics companies employed on the China trade delivery run will be happy to learn that the Chinese government has approved procedures that should simplify entry of Russian truckers to China. Following the results of the 29th regular meeting of the heads of Government of Russia and China, a protocol was signed on […]
Russian Railways has reported that between January-July 2024, cargo transportation in both directions through various railway crossings on the Russian-Chinese border increased by a total of 18.2% compared to the same period in 2023 – up to 23.8 million tonnes. That is broken down into Chinese export volumes to Russia amounting to 1.6 million tonnes […]
Moscow is hosting the BRICS International Municipal Forum (IMBRICS) from August 27/28, an event that is bringing together city mayors and related municipal officials from 126 countries, 89 Russian regions and 500 cities to discuss and share information on municipal and urban planning. The Government of Moscow is acting as the General Partner of the IMBRICS […]
Russian consumer habits are changing, of note to the friendly countries that Russia continues to trade with. In terms of the adult consumer sector, beer accounted just over 50% of Russia’s total alcohol sales since the start of 2024. Beer is now the most popular alcoholic beverage among Russians, accounting for 51% of total alcohol […]
Belarus and China are to sign a Free Trade Agreement covering services and investment, Belarusian President Alexander Lukashenko said at a meeting with Chinese Premier Li Qiang in Minsk on Thursday (August 22). Lukashenko said that “Our two parties will sign documents formalizing plans for their future partnership in key areas. One of them is […]
Some Chinese supplies to Russia are switching to third-party, rather than direct routes for sending goods to Russia due to difficulties with sanctions and logistics. Western governments have issued ‘stop’ notices on numerous products to Russia, including electronic and so-called ‘dual-use’ items, which if ignored can result in sanctions being imposed on Chinese suppliers themselves […]
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