CHINA's bilateral trade with Russia hit US$240 billion, setting yet another record, Chinese customs data showed as the two countries pushed for closer economic ties, reports Reuters.
China, one of the world's top oil consumers, has emerged as a major economic lifeline for oil exporting Russia, currently under Western sanctions.
Moscow has also stepped up purchases of Chinese goods from cars to smartphones as European and US brands left the Russian market.
China-Russia dollar-denominated trade hit US$240.1 billion in 2023, growing 26.3 per cent from a year earlier, according to the data by China's General Administration of Customs.
Chinese shipments to Russia jumped 46.9 per cent in 2023 from a year earlier, and soared 64.2 per cent compared with 2021, before the Russia-Ukraine war, the customs data showed.
SeaNews Turkey
China, one of the world's top oil consumers, has emerged as a major economic lifeline for oil exporting Russia, currently under Western sanctions.
Moscow has also stepped up purchases of Chinese goods from cars to smartphones as European and US brands left the Russian market.
China-Russia dollar-denominated trade hit US$240.1 billion in 2023, growing 26.3 per cent from a year earlier, according to the data by China's General Administration of Customs.
Chinese shipments to Russia jumped 46.9 per cent in 2023 from a year earlier, and soared 64.2 per cent compared with 2021, before the Russia-Ukraine war, the customs data showed.
SeaNews Turkey
