RIA Novosti reports that China imported $36.26 billion in goods to Russia, an increase of 5.2% over the previous year. compared to the same period last year. Shipments from Russia to China increased by 48.8%. at $61.44 billion.
Trade turnover for the month of June alone is estimated at 16.79 billion dollars: 10.02 billion dollars for exports from Russia and 6.77 billion dollars for imports from China.
In 2021, Russian-Chinese trade grew by 35.8% to a record $146.89 billion.
In 2018, trade between Russia and China surpassed $100 billion for the first time, after which the two leaders set themselves the goal of doubling it by 2024. And after Vladimir Putin and Xi met Jinping in early February, a new goal emerged – 250 billion dollars a year.
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It seems possible, e.g. because of the sanctions imposed on Russia. The economic restrictions imposed on Moscow mean that Russian oil is depreciating significantly and its stocks are increasing. And thanks to this, the Middle Kingdom, which is the largest buyer of this raw material in the world, is gradually increasing its imports from Russia. It has more than halved in one year.
Deliveries, among others via the ESPO pipeline (Eastern Siberia-Pacific Ocean) and transportation from Russian ports countries in Europe and the Far East, amounted to nearly 8.42 million tonnes, China’s main customs administration reported in June.
Six companies were placed under restrictions for “supporting the Russian military or a military industrial base” by supplying goods to sanctioned Russian entities.
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