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Russia Is Shifting Its Foreign Trade Massively Towards China (News Article)
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Handelszeitung
HandelszeitungThe EU has almost completely fallen behind in Russian foreign trade as the most important partner. China has taken its place.
·Zürich, Switzerland
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"The sanctions have turned Russia's foreign trade upside down – China benefits most economically and geopolitically," said wiiw-Russia expert Vasily Astrov. Especially in the oil trade, the shift is marked: China and India have become the largest customers of Russian oil, often on favorable terms. At the same time, China is the most important source of high-tech products, also through re-exports of sanctioned Western goods. According to estimate…
·Bolzano, Italy
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