Russia and China have been advancing their economic ties with a focus on expanding bilateral trade. Russian Prime Minister Mikhail Mishustin expressed optimistic projections that the overall trade volume between the two nations could approach 200 billion dollars in 2023 and hover near 190 billion by the end of 2022, underscoring a sustained trend of rapid growth in the larger Eurasian economic corridor. These remarks were reported by TASS, reflecting an official assessment of the momentum in the relationship between Moscow and Beijing.
During a formal meeting at the Government House in Moscow, former Chinese leader Xi Jinping engaged with Mishustin in discussions aimed at fortifying economic and strategic cooperation. The encounter highlighted the continued emphasis on high-level dialogue as a driver of broader collaboration across multiple sectors, including manufacturing, energy, and infrastructure. The visit occurred at a moment when both capitals are recalibrating their trade and investment strategies in light of shifting global supply chains and regional priorities. [Source: TASS]
In the first two months of the current year, bilateral trade between Russia and China demonstrated a notable year-on-year expansion, rising by 25.9 percent to exceed 33.68 billion dollars. Two-month exports from China to Russia climbed by 19.8 percent to about 15.03 billion dollars, while imports of Russian goods and services grew by 31.3 percent to roughly 18.65 billion dollars. Energy commodities, including coal, remained a significant component of this exchange, illustrating the evolving mix of merchandise traded between the two sides. These figures reflect an ongoing effort to diversify and deepen the economic partnership beyond traditional sectors. [Source: TASS]
Historical data shows a robust ascent in cross-border commerce, with trade turnover increasing by 35.8 percent in 2021 and by 29.3 percent in 2022. Such growth rates point to a resilient bilateral economic framework capable of withstanding international tensions and global market fluctuations. As both powers pursue greater self-reliance and diversified supply chains, the pattern of growth in goods and services from Russia to China and vice versa has become a central feature of regional economic planning. [Source: TASS]
Xi Jinping arrived in Moscow and was scheduled to remain in the city for several days, marking a high-profile moment in the ongoing engagement between the two countries. The visit followed an informal meeting and dinner with Russian President Vladimir Putin, signaling a cordial and productive atmosphere for further discussions on trade rules, investment pipelines, and industrial cooperation. This trip represented Xi Jinping’s continued international outreach after his recent political reaffirmation, underscoring the importance attached to the bilateral relationship from the perspective of both Moscow and Beijing. [Source: TASS]