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 BRICS tenth parliamentary forum has been taking place in St. Petersburg, with major structural changes being discussed to manage the blocs development. Russia is the current chair of the forum, which was presided over by the Russian President, Vladimir Putin. He stated that “Thus far, BRICS does not have its own institutionalized parliamentary structure. […]
Anton Alikhanov, the Russian Industry and Trade Minister, has stated that mutual trade between Russia and the members of the Shanghai Cooperation Organization (SCO) surged by 25% in 2023, reaching US$333 billion. The SCO completed their annual Heads of State meetings in Astana last week. This means that Russia’s trade with the SCO equates to […]
China’s RMB Yuan accounted for virtually the whole volume of exchange forex trading after the imposition of sanctions against the Moscow Exchange (MOEX), making up 99.6% of all transactions, the Central Bank of Russia has stated. Trading volume on the over-the-counter forex market reached ₽13 trillion (US$148 billion) in June. When sanctions were first imposed […]
Russia’s Foreign Minister Sergei Lavrov has held trilateral meetings with Chinese Foreign Minister Wang Yi and Mongolian Foreign Minister Batmunkh Battsetseg on the sidelines of the Shanghai Cooperation Organization Council of Heads of State meetings in Astana. The Russian Foreign Ministry said that “During a substantive conversation, they exchanged views on enhancing trilateral cooperation in […]
Russian President Vladimir Putin met with Chinese President Xi Jinping on the sidelines of the Shanghai Cooperation Organization summit in Astana yesterday (July 3), and have instructed the two countries’ responsible companies to agree on the terms of gas supply via the Power of Siberia 2 pipeline “as soon as possible,” according to Russian Deputy […]
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Putin, Xi, Modi and other regional leaders are all attending The annual Heads of State meetings of the member countries of the Shanghai Cooperation Organisation (SCO) has begun in Astana, Kazakhstan. The SCO has different categories of membership, with full members being China, India, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Russia Tajikistan and Uzbekistan. Three countries — […]
The first batch of Belarusian-built VGV SUZ crossover vehicles have been delivered to Russia, representatives of VGV have stated. “The first batch of VGV crossovers has arrived in Russia, the cars have passed customs clearance. This stage was the final one before the mass deliveries of cars to Russia. These VGV crossovers have undergone a […]
Yakutia Railways has proposed the restoration of the Skovorodino – Reinovo railway, which would connect with the Russian Railways network and the Russia-China border crossing at Dzhalinda and Mohe in China’s Heilongjiang Province. That in turn links directly to the provincial capital Harbin, with onward links to Beijing and the Chinese national rail system. Mohe […]
Despite Western media Gazprom rhetoric, Russia Is To Become China’s Largest LNG Supplier Just a month after Western media took aim at Russia for not being able to reach agreement with China on increased gas supplies, Russia has announced that supplies of Russian gas to China via the Far Eastern route will start in 2027. […]
Russia’s trade with China has been hampered by the impact of financial sanctions upon Russia, including not just its banks but also its SPFS payment system, which operates as an alternative to SWIFT. The United States and EU have threatened additional sanctions on any bank that conducts financial trade with Russia or connects to its […]
Russia, Kazakhstan and China are to conclude an Agreement for the creation of a Unified Digital Platform (ECP) for container transportation in order to optimize freight transport on the route connecting the three countries. The document is scheduled to be signed at the next meeting of the Kazakh-Chinese Business Council at the beginning of next […]
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