Russian Companies Thriving with China Trade Deals Despite Western Sanctions

Russian Companies Thriving with China Trade Deals Despite Western Sanctions

By
Aleksandr Ivanov
1 min read

Despite facing Western sanctions, some Russian companies are experiencing a business boom through trade with China, particularly in the oil, logistics, and auto sectors. Chinese companies are providing machinery and vehicles to Russian firms, while Russian dealerships are now focusing on Chinese car brands like Geely and Chery. The deepening economic bond with China has surged Russia-China trade by 64% to $240 billion, providing vital support to Vladimir Putin. However, experts warn of underlying risks in Russia's economic reliance on China, especially if sanctions extend to Chinese domestic companies.

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