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29% - growth in trade between Russia and China

29% - growth in trade between Russia and China

▪️Against the backdrop of aggressive Western sanctions against Russia, the volume of trade between China and Russia in the first 7 months of 2022 grew by 29% year, to $ 97.71 billion, the General Administration of Customs of China officially announced today

▪️Chinese exports to Russia in January-July increased by 5.2%, to $36.27 billion. Exports of Russian goods and services to China increased by 48.8%, to $61.45 billion

▪️Only in July, the volume of trade between the two countries amounted to $16.79 billion. China's exports to Russia reached $6.77 billion, Russia's exports to China - $10.02 billion

▪️The authorities of Russia and China have set the task of bringing the volume of bilateral trade to $200 billion a year

Here is an assessment of the British The Spectator: “Western anti-Russian sanctions are ineffective - Russia is more actively cooperating with India and China”

29% - growth in trade between Russia and China