Russia-China economic relations : Moscow's road to economic dependence

Zusammenfassung: Russia's full-scale invasion of Ukraine has fundamentally changed the terms of Russia-China economic relations. Economic cooperation with China has become vital for the Russian economy. Trade turnover between Russia and China has increased significantly since February 2022. However, Chinese companies remain hesitant about investing in Russia. Energy cooperation remains the backbone of Sino-Russian cooperation, but the expansion of Russian exports is hindered by infrastructure limitations. Russian arms exports have declined in recent years. Meanwhile, China exports large quantities of dual-use goods to Russia, which are urgently needed by the Russian military industry. Sino-Russian cooperation in the digital economy has been hit hard by Western sanctions. China's digital giants cancelled several projects in Russia due to fears of secondary U.S. sanctions. Russia's trade with China is mainly conducted in Chinese yuan. However, Russia continues to rely on the U.S. dollar for trade with the rest of the world

Alternative title
Russisch-chinesische Wirtschaftsbeziehungen
Location
Deutsche Nationalbibliothek Frankfurt am Main
Extent
1 Online-Ressource (39 Seiten)
Language
Englisch
Notes
Illustrationen
"Updated English version of SWP-Studie 16/2023"
Gesehen am 24.05.2024

Bibliographic citation
SWP research paper / Stiftung Wissenschaft und Politik ; 2024, 6 (May 2024)
SWP research paper ; 2024, 6 (May 2024)

Classification
Wirtschaft

Event
Veröffentlichung
(where)
Berlin
(who)
SWP
(when)
[May 2024]
Creator
Contributor

DOI
10.18449/2024RP06
Handle
10419/296472
URN
urn:nbn:de:101:1-2407221257166.730893940861
Rights
Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
Last update
25.03.2025, 1:51 PM CET

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Associated

Time of origin

  • [May 2024]

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