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 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 […]
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 […]
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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 […]
The Board of the Eurasian Economic Commission has approved an internal report concerning market analysis of the most promising markets and industries for the joint export of non-primary, and high-tech products of the member States of the Eurasian Economic Union (EAEU). The EAEU includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. It has free trade agreements […]
Russia’s container transhipment volumes in its Northwestern Ports such as St.Petersburg continue to recover after volumes fell in 2022. This new growth trend has made it possible to maintain a surplus of terminal capacity and introduce new quality of direct line services without transhipment in European ports, according to Leonid Shlyakhturov, Executive Director of FESCO […]
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 […]
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