Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/296472 
Authors: 
Year of Publication: 
2024
Series/Report no.: 
SWP Research Paper No. 6/2024
Publisher: 
Stiftung Wissenschaft und Politik (SWP), Berlin
Abstract: 
Russia's full-scale invasion of Ukraine has fundamentally changed the terms of Russia-China economic relations. Economic cooperation with China has become vital for the Russian economy. Trade turnover between Russia and China has increased significantly since February 2022. However, Chinese companies remain hesitant about investing in Russia. Energy cooperation remains the backbone of Sino-Russian cooperation, but the expansion of Russian exports is hindered by infrastructure limitations. Russian arms exports have declined in recent years. Meanwhile, China exports large quantities of dual-use goods to Russia, which are urgently needed by the Russian military industry. Sino-Russian cooperation in the digital economy has been hit hard by Western sanctions. China's digital giants cancelled several projects in Russia due to fears of secondary U.S. sanctions. Russia's trade with China is mainly conducted in Chinese yuan. However, Russia continues to rely on the U.S. dollar for trade with the rest of the world.
Subjects: 
Russia-China economic rlations
invasion of Ukraine
energy cooperation
arms exports
dual-use goods
Russian military industry
digital economy
yuan
U.S. dollar
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Research Report

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