• InduQin

China-Russia trade has surged as countries grow closer


BEIJING, March 1 (Reuters) - China and Russia have grown increasingly close in recent years, including as trading partners, a relationship that brings both opportunities and risks as Russia reels from tough new sanctions led by the West in response to its invasion of Ukraine.


Total trade between China and Russia jumped 35.9% last year to a record $146.9 billion, according to Chinese customs data, with Russia serving as a major source of oil, gas, coal and agriculture commodities, running a trade surplus with China.


Since sanctions were imposed in 2014 after Russia annexed Ukraine's Crimea, bilateral trade has expanded by more than 50% and China has become Russia's biggest export destination.


Read More at https://www.reuters.com/markets/europe/china-russia-trade-has-surged-countries-grow-closer-2022-03-01/

6 views0 comments