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.
We are the essential source for Russia-China business and provide in-depth analysis of bilateral trade, investment, joint ventures, and market entry strategies. This is your guide to succeeding in this critical partnership.
Two senior Russian officials have released a joint analysis concerning Russia’s views of ASEAN, its relations with BRICS, the Shanghai Cooperation Organisation, Eurasian Economic Union and its role in defining the emerging new world order. It is essential geopolitical strategic reading for anyone interested in Southeast Asia and its relations with Russia, and the developing multipolar world.
The Russian Deputy Foreign Minister Andrey Rudenko has stated that Russia will not export oil to any countries imposing a price cap. This affects all the G7 nations including the European Union, who have imposed price caps at US$45 a barrel for Russian fuel oil. However, volatility created by the conflict in Iran has seen prices fluctuate between US$75 to above US$100 a barrel while Russia has shifted its energy export priorities to markets in Asia. JP Morgan analysts suggest the price could reach US$150 a barrel if the Strait of Hormuz is not reopened soon.
Russian rail connectivity and freight volumes with the Shanghai Cooperation Organisation countries has been increasing and is set to continue this trend. We examine the rail development plans of each of the major national carriers as it becomes apparent that overland supply chains must improve in the wake of regional maritime uncertainties and conflicts.
Kazakhstan and Russia are making significant efforts to boost Eurasian continental rail connectivity with China, in moves that will further secure supply chains in the wake of current maritime shipping problems. We examine the trends and the longer term impacts.
Russian agriculture exporters are targeting South China’s ‘Greater Bay Area’ as a new export market as products diversify to different regions of the country a long way from the northern border. The Greater Bay Area includes Guangdong Province in addition to Hong Kong and Macau and is one of China’s most affluent regions.
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The Russian government has approved another four Russian-made, Chinese branded vehicles for use as taxis. We provide the full list of approved vehicles for this market. Demand for taxi rides is a fast growing sector of the public transport industry in Russia.
Rosatom have begun work on Kazakhstan’s first Nuclear Power Plant and is looking to expand cooperation with other international partners in Kazakhstan’s growing nuclear energy industry. The country possesses significant uranium reserves.
Russia’s Arkhangelsk Port and the Chinese NewNew Shipping Company have agreed an MoU on the volumes of shipping the maritime services provider will utilise along the Northern Sea Route this year. It will be an increase on last years 14 voyages.
Russia is to upgrade and extend the Khabarovsk Highway to include a specific Bolshoy Ussuri Island exit that will lead directly to the border crossing in China. The checkpoint will be fully operational in 2028 and will be able to process 250 trucks, 50 buses, and 100 passenger cars per day, with a total annual cargo turnover of 1.3 million tonnes. At present the crossing is conducted by ferry across the Amur River.
Russia’s RZD Logistics are reporting an easing of rail transport problems along the INSTC and are saying that trains servicing the routes via Iran are now being booked for the March and April.
The Russian domestic consumer market can expect supply chain difficulties due to the United States and Israeli attacks on Iran. We explain the developing logistics bottlenecks, which products are likely to be impacted and expected price rises.
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