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China Halts Russian Power Imports Amid Price Dispute

1/16/2026

48 11 Full Breakdown

Summary

Story summary

China suspended electricity purchases from Russia on January 1, 2026, after Russian export prices exceeded domestic rates.
Inter RAO, Russia's major energy exporter, previously supplied about 4 billion kWh annually to the State Grid Corporation of China.
Contracts extend to 2037.
The Russian Energy Ministry said exports could restart if China requests a mutually beneficial agreement.

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Story summary

China suspended electricity purchases from Russia on January 1, 2026, after Russian export prices exceeded domestic rates.
Inter RAO, Russia's major energy exporter, previously supplied about 4 billion kWh annually to the State Grid Corporation of China.
Contracts extend to 2037.
The Russian Energy Ministry said exports could restart if China requests a mutually beneficial agreement.