Story perspectives

Russia-China Trade Declines Ahead of Key Summit

8/28/2025

Center

Putin Enhances Trade

Russia-China trade reached $245 billion in 2024 but fell by 8.1% from January to July 2025 due to decreased vehicle imports and oil exports.
President Putin aims to enhance trade before the Shanghai Cooperation Organization summit in Tianjin with Xi Jinping and other leaders.
Russian sources express concerns about China's reliability, highlighting payment and trade practice issues.
India is adjusting its strategy towards China, with Modi attending the summit for the first time in seven years.

Left

Modi Engages China

India is adjusting its foreign policy, engaging with China as US tariffs rise, with Modi's first visit in seven years approaching.
The US has implemented a 50% tariff on Indian goods, threatening trade and thousands of jobs, particularly in textiles and gems.
Modi promotes self-reliance and farmer protection while India explores diverse trade partnerships, including potential EU deals.
Analysts indicate strained US-India relations, with low trust levels driving New Delhi closer to China and Russia.

History

Historical Context

In 2014, Russia and China solidified their economic partnership by signing a $400 billion gas deal, marking a significant shift in their bilateral relations. By 2024, trade between the two nations surged to $245 billion. As India adjusts its foreign policy amid rising US tariffs, Prime Minister Modi's outreach to China signals a strategic realignment that could redefine regional alliances in Asia.

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Putin Enhances Trade

Russia-China trade reached $245 billion in 2024 but fell by 8.1% from January to July 2025 due to decreased vehicle imports and oil exports.
President Putin aims to enhance trade before the Shanghai Cooperation Organization summit in Tianjin with Xi Jinping and other leaders.
Russian sources express concerns about China's reliability, highlighting payment and trade practice issues.
India is adjusting its strategy towards China, with Modi attending the summit for the first time in seven years.

1 / 3