The trade cuts came after threats from the United States to expand sanctions against Chinese companies, Bloomberg notes.
Exports of Chinese goods to Russia fell in March this year for the first time since mid-2022. This happened after the US threatened to expand sanctions against Chinese companies, the news agency reported. by Bloomberg.
China’s exports to Russia fell nearly 16% in March compared to the same month last year, according to Chinese customs data. At the same time, the total volume of Russian imports in March decreased by 18% year-on-year, according to data from the Russian Central Bank.
The media said that this was influenced by the growing difficulties Russia faces when making international payments: foreign banks refuse to cooperate with Russian companies because of the threat of a second US sanction.
Trade turnover between Russia and China last year reached a record $240 billion.
Under the sanctions, Russia exports oil to China and imports cars, industrial equipment and electronics from there.
Let’s remember that China began to protect the domestic market from Russian coal, which rushed there after the introduction of the European embargo, and prevents cooperation with companies that fell under US sanctions.
Source: korrespondent
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