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International relations

Ukraine crisis looms large as China-Russia trade tops record $140bn

Moscow relies more heavily on Beijing as it girds for new Western sanctions

A port in the Kaliningrad region of Russia in October: China accounts for a significantly larger portion of Russia's trade than vice versa.   © Reuters

MOSCOW -- Trade between China and Russia is reaching new highs as friction with the West brings the countries closer.

Turnover between China and Russia reached a record $146.88 billion in 2021, up 35.8% from the previous year, according to recent data from China's General Administration of Customs. Although Moscow had yet to release its own final estimate as of publication, its trade representative to China, Alexey Dakhnovsky, told the state RIA-Novosti news agency earlier this month that the figure was indeed expected to have exceeded $140 billion.

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