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 Russian President, Vladimir Putin, has instructed the Russian government, with the participation of the Maritime Board, to submit proposals to increase the efficiency of cargo delivery from Siberia, the Far East, and the Urals to the route of the Transarctic Transport Corridor (TTC). This differs from the Northern Sea Route (NSR) in that the […]
The visit of Russian Prime Minister Mikhail Mishustin to China has resulted in a recalibration of bilateral trade, with China increasingly seen by Russia as promising for import substitution of technologies. While general trade, with oil dominating, was previously the key topic, the bilateral trade focus has now shifted. Attention is now on industrial cooperation […]
Russia and China will strengthen cooperation on Arctic issues, according to a joint communiqué following the 30th regular meeting of their heads of government. Russian Prime Minister Mishustin recently visited Beijing and took part in these discussions. The communique states “They agreed to develop cooperation on Arctic issues, including interaction within the Subcommittee on Cooperation […]
Gazprom has for the sixth time in two months set a new record for daily gas supplies to China via the Power of Siberia pipeline, the company has stated, saying that “on November 5, Gazprom recorded a new all-time high in daily gas deliveries to China via Power of Siberia. The delivered volume exceeded Gazprom’s […]
The Russian government is to build at least 10 Industrial and Technology Parks in the Far East and the Russian Arctic by 2030, the Kremlin said on Tuesday (November 4). Instructions were issued by the President, and read “To the Russian government: Taking into account previously issued instructions, ensure the creation by 2030 in the […]
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Vladimir Putin has instructed the Russian government to develop transport and logistics centers on the border with China and North Korea, according to the Kremlin. The Kremlin statement says “The Russian government has been instructed to take measures to ensure the development of multimodal transport and logistics centers in the Far Eastern Federal District and […]
The Russian Prime Minister Mikhail Mishustin and Chinese President Xi Jinping have met with their respective business delegations at the Great Hall of the People in Beijing. Mishustin was accompanied by Deputy Prime Ministers Tatyana Golikova, Dmitry Chernyshenko, Yury Trutnev and Alexander Novak, Ambassador of the Russian Federation to China Igor Morgulov, Minister of Agriculture […]
Over the past few weeks, grumbles of discontent have begun emerging from the European population, about what appears to economic issues directly created by sanctions imposed upon Russia. These range from Finnish resorts bemoaning the lack of Russian tourists, Italian resorts closing, and Lithuanian cigarette smugglers causing chaos over ballooning in cheap products from Belarus. […]
Russia and China are to sign a memorandum of cooperation in healthcare in November, giving new impetus to the mutual quality and safety of their respective medical products, according to Mikhail Murashko, the Russian Health Minister. He said, “The work done by the Russian Scientific Center for the Examination of Medical Products of the Health […]
Russia and Mongolia are planning to update the plans to develop railway and roadway transport corridors by the end of the year, Russia’s Deputy Transport Minister, Alexei Shilo, has said. Shilo was meeting with Batmunkh Nasantogtokh, the State Secretary of the Mongolian Ministry of Roads and Transport. They formalized the agreements at this week’s meeting […]
Russia and China boosted their mutual agricultural trade by 15% in the eight months between January and September this year, the Russian Agriculture Ministry has stated, following discussions between Russian Agriculture Minister Oksana Lut and Chinese Agriculture and Rural Affairs Minister Han Jun. Russian agricultural exports to China increased by 10% and consisted mostly of […]
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