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 economy continues to successfully battle through hardships while continuing to grow stronger, The Economist has reported on March 10, and has repeatedly “defied the doomsayers”. The publication added that Russia’s economic performance appears to be returning to pre-conflict levels despite numerous rounds of unprecedented sanctions imposed by the West over the past two years. […]
The Financial Times has reported that China’s foreign trade grew faster than expected in the first two months of 2024, driven partly by electronics and increased exports to emerging markets and Russia, with Beijing’s foreign minister touting “a new paradigm” in relations with Moscow. China’s total exports rose by 7.1% in January and February compared […]
Russia has approved a list of states whose bankers and brokers can now take part in currency trading in Russia. This list of “friendly and neutral” countries allowed to trade on the country’s currency exchange market, was released in early February this year and is exclusive to countries who have not signed up to Western […]
The head of the Russian cabinet, Mikhail Mishustin, has signed off the approval for the Northern Sea Route development plan, to be completed by 2035. It is one of Russia’s largest development projects and will be financed to almost 2 trillion rubles (US$22 billion) A National Transport Artery The NSR development plan includes more than […]
A new deep sea port and terminal is to be constructed in Russia’s northern Arkhangelsk Port, according to the key provisions of the Comprehensive Development Plan of the Arkhangelsk Transport Node. The plan details Arkhangelsk development to 2035. The full text of the document (in Russian) can be found here. The construction of the new […]
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