China and Russia signed their agreement 25 years ago. According to… (китай · россия · товарооборот)
China and Russia signed their agreement 25 years ago. According to the Russian Trade Representative in China, citing data from the General Administration of Customs of the PRC, trade volume between Russia and China increased by 25.6% in January-June 2026 compared to the same period in 2025.
Consensus
- The trade turnover between Russia and China has increased more than 30 times over the past 25 years.
- China has been Russia's largest trading partner since 2010.
- Russia is among the top five main trading partners of China.
- Trade between Russia and China exceeded $200 billion annually for three consecutive years.
- Transactions between Russia and China are now mostly conducted in national currencies, with minimal use of US dollars and euros.
- A treaty on good neighborliness, friendship, and cooperation signed 25 years ago laid the foundation for economic ties.
- A new agreement on encouragement and protection of investments supports bilateral investment growth.
Points of divergence
- The trade volume between Russia and China in January–June 2026 reached $134.175 billion, with a year-on-year increase of 25.6%. — vedomosti
- China has opposed a new US bill on sanctions targeting major buyers of Russian oil and gas, stating such measures lack basis in international law. — vesti
Coverage (3 sources)
- Lavrov states on the rise of investments between Russia and China — Коммерсантъ
- Lavrov: Russia-China deal increased trade volume by more than 30 times — Вести
- Russia-China trade turnover grew by 25.6% in the first half of 2026 — Ведомости