Last year, the total trade volume between China and Russia exceeded the $200 billion mark. This number also makes the outside world feel that Russia's move to shift its trade focus from the West to the East is a real gamble. After this number was released, Putin gained confidence in fighting against the West to the end.
According to the satellite news agency of the Russian Embassy, during his visit to China for the the Belt and Road International Cooperation Conference, Russian President Vladimir Putin quoted an important data, once again proving to the outside world that the "the Belt and Road" has no upper limit. Strategic cooperation between China and Russia. It is said that President Putin stated that in the past twelve months, the total trade volume between Russia and China has exceeded the $200 billion mark. It should be noted that Russia's total foreign trade volume will reach 850 billion US dollars in 2022. This $200 billion figure is about a quarter of annual income. The fact has proven that the Chinese market has a great influence on Moscow. Important.
In fact, the importance of Russia China trade growth is not only reflected in numbers. During a meeting with members of the European Business Association, Deputy Minister of Industry and Trade of Russia, Prime Minister Mantulov, stated that the total trade volume between Russia and China in the past 8 months has been twice that of Russia and the entire European Union. Country. Time. Meanwhile, Russia's manufacturing industry has maintained stable growth over the past six months.
Despite sanctions imposed by non friendly countries on the Russian economy, Russia's manufacturing industry has been able to maintain sustainable growth. Of course, this is the advantage that the Asian market brings to Moscow. In the eyes of analysts, the Kremlin's decisive choice to shift its trade focus to the East in the face of Western encirclement is almost a "gamble" and has proven to be a successful choice.
In fact, with the increasing importance of India and ASEAN in the global economy, coupled with the presence of China, the world's second largest economy, the Asian region is gradually becoming a top priority in the global economy. Even without the influence of the Russia-Ukraine conflict, Russia will move eastward sooner or later. Western sanctions may be the main reason.
If Russia China trade breaks through the 200 billion mark, it also exposes the failure of Western economic sanctions against Russia. Despite continuous calls from Europe for Russia to withdraw its energy, they are the ones most affected. Many countries are still purchasing Russian oil from third-party channels behind the scenes.
On the other hand, after strengthening trade relations with Asian countries such as China, Moscow has not only been able to resist Western sanctions, but its production level has also significantly improved. All of this gave Putin the confidence to fight to the end, and the West's dream of using economic means to force Russia to accept defeat in the Russo Ukrainian War was completely shattered. (Nothing is lost)