Hol
Well-known
The decline in trade between the two authoritarian powers appears to be accelerating, which is bad news for Russia since China has become its most indispensable economic ally following Moscow’s invasion of Ukraine.
Trade between Russia and China grew quickly in 2022 and 2023, as many of Russia’s other trading partners imposed sanctions after the Ukraine invasion in February 2022.
Bilateral trade grew by 26 percent in 2023, reaching a record high of $237 billion at the beginning of 2024 — but that growth slowed to a trickle in 2024, down to just 1.9 percent, and now trade between Russia and China is in outright decline.
Russia’s exports to China largely stopped growing last year while Russian demand for Chinese goods plummeted as the Russian economy stalled out last year, especially regarding big-ticket items like automobiles and household appliances.
www.breitbart.com
Trade between Russia and China grew quickly in 2022 and 2023, as many of Russia’s other trading partners imposed sanctions after the Ukraine invasion in February 2022.
Bilateral trade grew by 26 percent in 2023, reaching a record high of $237 billion at the beginning of 2024 — but that growth slowed to a trickle in 2024, down to just 1.9 percent, and now trade between Russia and China is in outright decline.
Russia’s exports to China largely stopped growing last year while Russian demand for Chinese goods plummeted as the Russian economy stalled out last year, especially regarding big-ticket items like automobiles and household appliances.

Russia-China Trade Plunges 9% in 2025, Down $11 Billion
China’s customs agency releases data that showed trade between China and Russia slipped by 9.1% to $106.48 billion in the first half of 2025.
