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Russia-China Trade Soars, But Dependency Raises Concerns

12/23/2025

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Summary

Story summary

During Vladimir Putin's September visit to Xi Jinping, he said Russia–China ties are unprecedentedly high.
Trade between Russia and China reached $245 billion in 2024, driven by demand for Russian oil and gas after sanctions.
The arrangement creates economic challenges for Russia, which grows more dependent on China for manufactured goods.
Analysts warn Russia could be a junior partner to Beijing, as China leverages its power for discounted oil.

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Story summary

During Vladimir Putin's September visit to Xi Jinping, he said Russia–China ties are unprecedentedly high.
Trade between Russia and China reached $245 billion in 2024, driven by demand for Russian oil and gas after sanctions.
The arrangement creates economic challenges for Russia, which grows more dependent on China for manufactured goods.
Analysts warn Russia could be a junior partner to Beijing, as China leverages its power for discounted oil.