The decrease in the turnover with Beijing – Russia’s main trade partner – brought about Moscow’s remembrance, said Reuters’ resources said.
The Russian-Chinese trade rejection, which began in 2025 for the first time in the three years of war in Ukraine, continued to accelerate. Reuters reported it.
According to August results, China bought the goods in the Russian Federation for 17.8% of the year for the year with reference to China’s customs data. The supply of Chinese goods in the Russian market fell 16.4%.
The Russian-Chinese turnover sank about 9%, up to 1.03 trillion yuan, or $ 145 billion. Russia’s exports to China fell 8.8%, and the Chinese in the Russian Federation – by 8.2%.
Detailed data of Chinese customs (within 8 months is not yet available) show that China has reduced purchases of almost all types of raw materials, Gaidar Institute’s experts write: oil – by 11%, oil products – by 28%, lng – by 13%, wood and coal – by 10%.
Refusal to turnover with Russia’s main trade partner has brought a remembrance of the Kremlin, resources said.
Increasing purchases of Russia’s raw materials are among the key topics of the Kremlin Vladimir Putin’s owner, which took place from September 3 to 6. However, the Russian president failed to reach new major agreements.
Putin agreed to increase gas supplies to the PRC since 2031 to existing pipelines (Siberia Power and Far Eastern route). However, the volume of new contracts – 8 billion cubic meters annually – is just 1.1% of gas manufacture in Russia and 4% of Gazprom exports in the European Union (200 billion cubic meters per year).
As you know, Gazprom also announced the sign of the memorandum, which legally binds, “the construction of the long-awaited force of the Siberia-2 pipeline. However, his statements were not confirmed by any of the Chinese authorities or the CNPC State Corporation, the Buyer of Gazprom.
“Strategic” Agreement: Putin Outgrew Northern Deer exports to China
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.