China has officially reserved the right to act freely in relations with Russia, despite Western sanctions. However, trade relations between the countries have become somewhat more complicated, writes Bloomberg..
Since the introduction of tough economic sanctions against the Russian Federation, due to military aggression against Ukraine, the Chinese market has avoided the supply of raw materials from Russia. Probably, the reason for such actions is the fear of Chinese companies to fall into the " Since then, banks have suspended funding for purchases, and traders are experiencing problems with logistics..
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In the trade and economic relations of countries, the energy market occupies one of the key positions.
The Russian Federation supplies coal to China and is the second largest importer of this raw material after Indonesia. And since 2019, gas exports from Russia have increased significantly, thanks to the operation of the Power of Siberia gas pipeline..
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Recall that a video meeting of the leaders of the two leading countries of the world, the United States and China, took place recently because of the war in Ukraine.. However, Biden and Xi Jinping could not overcome differences over the war.