HomeEconomyThe US State Department...

The US State Department estimated the reduction of Chinese exports to Russia

Today Russia occupies only 11th place among the largest importers of Chinese goods, according to the study.

International sanctions against Russia are causing significant damage to its economy and trade. This was reported by the US State Department, citing a study by Yale University.

function news4508290() {
$.get(‘//’ + window.location.host + ‘/ajax/module.aspx?spm_id=444&id=4508290&lang=2&IsAjax=true’, function (data) { $(‘#nk4508290’).html(data); });
}

news4508290();

The released document examines the Kremlin’s propaganda narratives and provides expert explanations of why they are false.

Thus, the authors of the study refuted Moscow’s statement that the impact of Western sanctions on the Russian economy was not significant. They argue that the impact is already tangible, as evidenced by Russian President Vladimir Putin’s attempt to legalize the theft of intellectual property from “unfriendly countries.”

The study also refutes the thesis that Russia can supposedly quickly reorient itself from Western markets to the markets of “friendly countries”, in particular China.

“Publicly, Russia advertises its trade relationship with the PRC to make up for the lack of imports and exports. In fact, it is an unequal relationship, as Russia needs China more than China needs China to Russia. In 2021, the PRC will be Russia’s main source of imports, however, Russia ranks only 11th among the largest importers of Chinese goods. China’s exports in Russia from the beginning of the year to April 2022 decreased by almost 50%,” the report said.

Researchers also point out that Russia will not be able to quickly reorient its natural gas exports from Europe to Asia, as more than 90% of Russian gas is transported through pipelines, most of which are connected to refineries in Europe, and the construction of new gas pipelines or sea terminals will require time and a lot of money.

It was earlier reported that China has zeroed out investments in Russia through the One Belt One Road global project. This happened for the first time since 2013.

News from Correspondent.net on Telegram. Subscribe to our channel Athletistic

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

Russia will help you go to the depression of swamp bombing – Reuters

The country of the aggressor will not be able to quickly replace the strategic aircraft that were lost as a result of a wide security service for websites. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle...

In Latka, the skeleton of the bend and posts (photographs) was struck

As a result of the Russian attack, the number of death in Latsk increased. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } Rescuers owed the body of a 27-year-old dead...

James Gunn confirms post-credit scene in ‘Superman’

With the next launch, the new creative director of the DC universe, James Gunn, confirms that 'Superman' will have scenes you creditsThe premiere of the new Steel Man movie is getting closer and closer and with it news is being released by the producers. 'Superman' will be...

Blackpink’s Jennie joins the list of ‘best albums of 2025, so far’

Blackpink member Jennie enters the list of 'best albums of 2025, so far' pleasing criticism; look!DIVA! With great influence on the music industry, Rolling Stone magazine shares annually in early June the 66 albums considered by its critics the best of the year so far. Including all...