Skip to content

Media: Russia faces difficulties with Chinese imports as Beijing tightens control

Media: Russia faces difficulties with Chinese imports as Beijing tightens control
China has tightened export controls on military and dual-use products since July 1, the Moscow Times reported on July 5. This has already made it more difficult to deliver Chinese equipment and machinery to Russia, the Moscow Times reported, citing Russian importers.

Table of Contents

China has implemented stricter export controls on military and dual-use products, making it more difficult to deliver Chinese equipment and machinery to Russia. Trade between the two countries has reportedly surged by 121% since 2021, highlighting Beijing's role as Moscow's economic lifeline. The new restrictions require a permit from the Chinese Trade Ministry or a license to export dual-use goods, affecting all exporters. These changes are expected to result in increased costs for cargo delivery and prices. Additionally, the U.S. and other countries have imposed new sanctions targeting Russian financial institutions and entities and individuals based in China that help Moscow circumvent existing restrictions. Despite this, Chinese President Xi Jinping has expressed support for Russia, stating that China "has always stood on the right side of history."

Source

Latest