Trade between China and Russia ballooned to a record $240 billion last year

Mon, 01/15/2024 - 05:18

Russian President Vladimir Putin and Chinese President Xi Jinping attend a reception in Moscow — Vladimir Putin and Xi Jinping attend a reception in Moscow.
Reuters

China's trade with Russia jumped 26% to a record $240 billion last year, according to customs data published Friday.
The ties between the two countries have strengthened since Russia invaded Ukraine in February 2022.
Meanwhile, China’s trade with the US fell for the first time in four years.

Trade between China and Russia ballooned to a new record last year with the economic ties between Beijing and Moscow strengthening even as the war in Ukraine rages on.