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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A new terminal for transhipment of various cargoes, including containers and grain, will be built in the port of Posyet in Primorsky Krai. Russia’s VTB bank are to finance the project, with a total investment of about ₽10 billion (US$106 million). The corresponding agreement was signed during the recent Eastern Economic Forum in Vladivostok. VTB […]
The Panamax container ship Flying Fish 1 has just completed its journey along the Northern Sea Route, navigating its way from St. Petersburg to Shanghai in 21 days at an average speed of 16 knots or about 30 kilometers per hour. What makes this voyage significant for the global shipping world and supply chain logistics […]
It doesn’t get much further into the Global South than Antarctica, and Russia and China are in talks over joint drilling of the Gamburtsev Mountain Range in the middle of the continent, the Russian Federal Agency for Mineral Resources (Rosnedra) has stated. Last month, the Chinese cities of Beijing and Changchun hosted international conferences on […]
Russia’s Foreign Minister Sergey Lavrov has been in New York attending the annual UN General Assembly. Russia, China, Iran and Pakistan are full members of the Shanghai Cooperation Organization, and Afghanistan is an observer country. Afghan representatives did not attend the meeting having been denied US Visas because some members of the government are on […]
Money Can’t Buy Me Love, but Diamonds Are Forever Russia has imported a significant quantity of diamonds from China for the first time, with 35,000 carats of the gems, worth more than US$12 million, imported last month, based on Chinese customs data. Both countries had stated that barter could be used to settle trade transactions […]
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The Future Iraq Institute for Economic Research and Consulting has reported that Iraq and Saudi Arabia have lost their positions as the largest oil exporters to China due to purchasing incentives offered by Russia and Iran. According to the report, Russia captured 22% of China’s oil imports in August 2024, offering prices that were 6% […]
China’s Soueast automobile brand is planning to enter the Russian market at the end of this year, the company has stated. “Soueast will offer Russian consumers two models, the flagship crossover, Soueast S09, in the D-SUV segment, and the intelligent urban crossover, Soueast S07, in the C-SUV segment” the company said. Full technical specifications and […]
Russian fish exporters need to actively develop new niche markets through marketing tools, according to German Zverev, President of the All-Russian Association of Fishermen. This will be of interest to Russian sales and marketing businesses with China market capabilities. According to Zverev, China is currently the second largest global importer of fish products after the […]
Some Russian businesses have begun using gold to pay Chinese suppliers to get around US sanctions and threats of sanctions against Chinese banks affecting Russia-China bank transfers. The alternative solution means that gold is purchased in Russia, transported by private courier to Hong Kong, where it is sold, and the cash is deposited into the […]
The redevelopment of Big Ussuri Island, including the opening of a new Russia-China border crossing, is stimulating billions of rubles of investment into the area, according to the Khabarovsk Minister of Economic Development, Viktor Kalashnikov. Bolshoi (Big) Ussuri Island is on the Amur River, along the border between Russia and China. The Russian part of […]
For the first time a goods train will deliver products directly from Ulyanovsk to Baku and then to Iran’s Astara in less than a month, the head of the region Alexey Russkikh said. Ulyanovsk, the administrative centre of the Ulyanovsk region, located on the banks of the Volga and Sviyaga rivers, is a major diversified […]
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