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Russia-China economic relations: Moscow's road to economic dependence
Russisch-chinesische Wirtschaftsbeziehungen: Moskaus Weg in die Abhängigkeit
[research report]
Corporate Editor
Stiftung Wissenschaft und Politik -SWP- Deutsches Institut für Internationale Politik und Sicherheit
Abstract 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 companie... view more
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. (author's abstract)... view less
Keywords
Russia; China; international economic relations; bilateral relations; economic cooperation
Classification
International Relations, International Politics, Foreign Affairs, Development Policy
Free Keywords
Außenpolitische Abhängigkeit/Unabhängigkeit; Herrschaftsstrukturen im internationalen System
Document language
English
Publication Year
2024
City
Berlin
Page/Pages
39 p.
Series
SWP Research Paper, 6/2024
DOI
https://doi.org/10.18449/2024RP06
ISSN
1863-1053
Status
Published Version; reviewed
Licence
Deposit Licence - No Redistribution, No Modifications