China’s customs agency on Monday released data that showed trade between China and Russia slipped by 9.1 percent to $106.48 billion in the first half of 2025.
The decline in trade between the two authoritarian powers appears to be accelerating, which is bad news for Russia since China has become its most indispensable economic ally following Moscow’s invasion of Ukraine.
Trade between Russia and China grew quickly in 2022 and 2023, as many of Russia’s other trading partners imposed sanctions after the Ukraine invasion in February 2022.
Bilateral trade grew by 26 percent in 2023, reaching a record high of $237 billion at the beginning of 2024…
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