Isolation is deepening: China reduces investment in Russia
While kremlin bets on war, the economic marginalization of russia is intensifying. Trade ties of the rf even with such “friendly countries” as China are weakening.
▫️ Today, China remains the main trade partner of the rf, accounting for over a third of all russian foreign trade. The rf receives high-tech goods from China, while exporting raw materials in return. However, analysts note that chinese investments in russia have significantly decreased since the start of the full-scale war. In 2022–2023, the average volume of investments from the prc was only $400 million per year. For comparison, in 2011–2018, this figure was three times higher — $1.2 billion annually.
Chinese investors are unwilling to take risks due to sanctions. They act similarly to western companies — winding down deals and refusing new projects. The “friendship without limits” that putin often boasts about still has clear economic boundaries.
