Russia's rail industry is in its worst downturn since the Great Financial Crisis, according to an estimate from MMI Research.
"Other countries could decide that Russia and China's behaviors mean they would have to start implementing decisions among themselves."
Russia faces increasing difficulty shipping commodities to China through its vast eastern rail network, a sign of the growing economic challenges stemming from war and sanctions, despite the Kremlin’s assurances that all is well.
A new Pentagon report says China is continuing to expand its nuclear force and has strengthened its ties with Russia over the past year.
Talks between China and Japan's foreign ministers in Beijing have paved way for Japan to host China's foreign affairs chief next year, and mutual agreement to hold a security dialogue as soon as possible,
Russia’s daily natural-gas flows to China via the Power of Siberia link set a new record on Dec. 20, according to energy giant Gazprom PJSC.
The U.S. Commerce Department’s efforts to curb China’s and Russia’s access to American-made advanced computer chips have been “inadequate” and will need more funding to stymie their ability to manufacture advanced weapons.
China's shipments to Russia rose 47.1% year-on-year to US$24.07 billion, while shipments from Russia were up 32.6% to US$29.77 billion, data from China's General Administration of Customs showed.
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Domestic prices of liquefied petroleum gas (LPG) in Russia halved in December from the previous month due to an influx of the fuel, exports of which have been curbed by European sanctions, Reuters calculations showed.