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 FESCO Transport Group has launched a regular marine service for the delivery of bulk cargoes from Shanghai to St. Petersburg, the company has said. This includes services for the collection of goods from warehouses within a radius of up to 300 km from Shanghai. The first container ship within the framework of the service […]
China’s main thrust into the potential of investing in Russia as part of its global Belt & Road Initiative (BRI) overseas investment and infrastructure plan essentially began in 2018, when the Chinese government published its “China-Russia Cooperation and Development Plan for the Russian Far East (2018-2024).” This is a programmatic policy document guiding cooperation between […]
Russia and Mongolia are compiling a list of mineral resource sites for joint geological exploration in their border area under agreements reached at a meeting of their intergovernmental commission for trade and economic cooperation, according to Alexander Kozlov, the Minister of Natural Resources and Ecology of Russia. Kozlov stated that “Mineral resource use has recently […]
Moscow and Beijing are looking to a barter trade system to overcome the hesitancy of Chinese banks to run foul of US sanctions in conducting cross-border financial transactions with Russia. The moves, which are expected to be temporary, come as the two sides are trying to limit the transactional use of the SWIFT banking system. […]
Russia’s natural resource trade with China exceeded US$65 billion in H1 2024, according to China’s Ministry of Customs, reaching record levels. Overall, Russian exports of natural resources to China increased by 4% over the same period last year, year-on-year, reaching a new high of US$65.2 billion between January and June of this year. Oil and […]
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Several Western airlines are pulling out of routes servicing China as sanctions have forced Western carriers to incur greater operational costs by avoiding Russian airspace. British Airways, Virgin Atlantic and Quantas are just three who are giving up what were lucrative direct flights to Beijing and Shanghai. Other, BRICS and BRICS related airlines are now […]
Russia’s Unified Electronic Visa system for entry into Russia has been in operation now for exactly one year, with 540,900 foreign nationals using it to enter Russia. The Russian Foreign Ministry has released data for the period August 2023 to July 2024. Bear in mind these figures are for E-Visas only and do not include […]
The Zabaikalsk border checkpoint on the Chinese border with Manzhouli in China’s Inner Mongolia Province is now the most in-demand crossing between Russia and China for cargo carriers. According to Russia’s Federal Customs Service (FCS), in the first six months of this year, imports of Chinese goods to Russia through this border crossing increased by […]
Amur, Ussuri Rivers give Pacific Ocean access to China’s landlocked Heilongjiang Province Russia and China are developing cargo transport corridors under the joint “River-Sea” development programme for the first time. The Chinese deep-water, Manjita river port is located at Fuyuan city in Heilongjiang, with the Manjita port having access to the Amur (Heilongjiang) and Ussuri […]
The sixth Russia-China Energy Business Forum (RCEBF) has been taking place in Moscow, with over 500 politicians, heads of major companies in the energy and related industries, scientists, experts and analysts attending. Russia and China discussed issues of cooperation related to energy and the supply of hydrocarbons. The RCEBF has been held annually since 2018 […]
Western brewers market exit actually resulted in a domestic profit boosts for Russia In good news for thirsty Asians, and bad news for Denmark’s Carlsberg and the Netherlands Heineken, Russia’s Agroexport Center has identified the most promising markets for Russian beer exports and the regions of the country that have the greatest export potential in […]
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