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Russia-China Trade Declines Amid Tariffs and Sanctions

8/22/2025

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Summary

Story summary

Russia's trade with China is projected to grow by 2% in 2024 but decline by 8% in early 2025.
Market saturation with Chinese goods has led Moscow to impose higher tariffs on Chinese cars.
Lower global oil prices and US sanctions are decreasing Russia's energy exports to China, contributing to a GDP growth drop to 1.1% in Q2 2025.
Experts caution that declining trade and energy revenues may limit Russia's wartime spending.

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Story summary

Russia's trade with China is projected to grow by 2% in 2024 but decline by 8% in early 2025.
Market saturation with Chinese goods has led Moscow to impose higher tariffs on Chinese cars.
Lower global oil prices and US sanctions are decreasing Russia's energy exports to China, contributing to a GDP growth drop to 1.1% in Q2 2025.
Experts caution that declining trade and energy revenues may limit Russia's wartime spending.