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 Yuzhnouralsky Dry Port and Rusagrotek LLC have sent the first container train with agricultural products from Chelyabinsk to Zabaikalsk, one of the China border crossings. The train will proceed to Chengdu in China’s Sichuan Province, with the total travel time estimated at 14 days. The train consists of 70 forty-foot containers. The route was […]
The Kazakhstan based fintech group Kaspi.kz has entered into a partnership agreement with Alipay+ to launch a payment service in China using Kaspi’s mobile application and QR code, Kaspi has stated in a press release. Kazakhstan’s citizens that live or travel in China will be able to make payments using the QR code from the […]
On April 19, in Beijing, Andrei Slepnev, joint chair of the Minister of Trade of the Eurasian Economic Commission and Li Fei, China’s Vice Minister of Commerce held discussions of the Joint Commission on the implementation of the Agreement on Trade and Economic Cooperation between the Eurasian Economic Union and the PRC. China has a […]
An estimated 50% of all financial transactions conducted between Russia and China are facilitated by means of intermediaries to avoid exposure by Chinese lenders to the risk of secondary sanctions, Reuters have reported, citing trade consultants and bankers, as well as importers and exporters. In December, US President Joe Biden signed an executive order that […]
Russian President Putin plans to visit China in May, he has stated, and will be meeting with Chinese President Xi Jinping in Beijing. This would be Putin’s first foreign trip since the presidential elections in March and will follow his presidential inauguration on May 7. The share of Russian Ruble and Chinese Yuan settlements in […]
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Norilsk Nickel, the metals group controlled by Russia’s richest man Vladimir Potanin, will move some copper smelting production from its home country to China, as western sanctions restrict access to key pieces of equipment and cut profitability, the Financial Times reports. Potanin said that the mining major plans to relocate its copper smelting capacity at […]
The Arctic, endowed with significant resource wealth, is envisioned as an advantageous multimodal transportation link that presently enables a connection between the Asia-Pacific and European regions. Legal issues surrounding the Arctic’s jurisdiction provoke contention over rights to these lands, drawing in not just the circumjacent sovereign states but also nations keen on making inroads into […]
The sanctions imposed by the United States, which aimed to disrupt Russia’s military capabilities by limiting its access to advanced chips are only having limited results. While Russian entities can no longer get chips directly from American, European, Japanese, and Taiwanese companies, Russia continues to obtain advanced processors mainly through indirect channels, primarily involving Chinese […]
The first shipment of Russian pork has been delivered to the Chinese market according to Miratorg, the first company to begin deliveries after China lifted restrictions on Russian pork imports last September. China is the world’s largest importer of the meat, worth some US$4.5 billion annually. It is a prized market for global pork producers, […]
The auto fleet servicing subsidiary of Russian carsharing service Delimobil , Smart Mobility Management LLC (SMM) opened an office in China this year for direct purchases of spare parts, the company reported in notes to its financial statements for 2023. The office was opened in Shanghai to “look for new counterparties, partners, investors and establish […]
Russian Foreign Minister Sergei Lavrov completed a two-day visit to Beijing on Tuesday, where he met both Chinese Foreign Minister Wang Yi and President Xi Jinping. In many ways, his trip was preparation for the visit of Russian President Vladimir Putin to China, whose plans were confirmed by the Kremlin on the same day. During […]
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