Characteristics of developing Russian-Chinese foreign economic relations in 2019-2023

The article analyzes the peculiarities of Russian-Chinese trade from 2019 to 2023. The authors examine the key events of this period and study the dynamics of Russian-Chinese trade relations. The growth of trade volumes between Russia and China is described; the commodity structure of export-import operations is analyzed. The authors assess the impact of sanctions on trade and economic cooperation between Russia and China. The risks of secondary sanctions that can affect the economic relations of the countries are evaluated. The characteristic of the benefits that each of the parties receives as a result of cooperation is given. The analysis of cooperation in key industries was conducted. The main areas of cooperation between the countries in such areas as energy, finance, industry, transport are highlighted. Data on imports and exports between countries are given. Thus, based on the analysis of quantitative indicators of trade and economic cooperation between Russia and China, the authors have tried to identify its qualitative characteristics, and most importantly, latent challenges and threats to Russia in the further development of this cooperation in the current conditions.

Russia–China trade, exports, imports, import substitution, foreign trade, foreign trade relations, business climate, trade and economic relations