Discover and read the best of Twitter Threads about #Russia_China
Most recents (3)
#Russia_China: The reorientation of Russian exports to China, as a result of decoupling from the West, creates serious logistical problems. The duration of both rail and sea cargo has been significantly extended, causing delays of up to 30% compared to 2021. The main reason is⤵️
insufficient infrastructure due to the increase in import and export activity. The priority for Russia is the export of wood and coal, which makes importing other goods from China longer (and more expensive). Growing interdependencies between Russia and the Chinese market⤵️
will require large investments in critical transportation infrastructure. Rail and sea transport between the two countries could stabilize only from February 2023 (also depending on the COVID-19 policy of China).⤵️
#Russia_China: When Putin spoke with Jinping today, he meant to show the following: 1) Russia is not "isolated"; 2) It is treated with “respect” by big powers; 3) Western economic ties can be replaced with non-Western partnerships; 4) Finally, Russia's strategic goal is to⤵️
accelerate the creation of the Eurasian pole in a multipolar order around the China-Russia comprehensive strategic partnership, including as a way to escape responsibility for the aggression against Ukraine. Other aspects seem to be of secondary importance.⤵️
Only Putin mentioned Ukraine while thanking China for being neutral. The growing bilateral trade was emphasized by numbers that almost tell the West that Russia has trading partners. ⤵️ 
#Russia_China: Trade turnover in January-April increased by 25.9% year-on-year, reaching 51.09 billion dollars. Chinese exports reached 20.24 billion dollars or 11.3% more in four months. Imports of Russian goods and services increased by 37.8%, to 30.85 billion dollars.⤵️
The nominal value of exported Russian products is 2.7 times higher than Chinese imports compared to the 2021 trade. Russia wants to expand the range of raw materials exported to China as it is forced to decouple from the Western market. ⤵️
The positive trade balance in favor of Russia reached 10.6 billion dollars. Western sanctions seem to speed up bilateral trade and increase the dependence of Russia on the developments of the Chinese economy ⤵️
