Τρίτη 21 Μαρτίου 2023

how China is helping the Russian economy

The New York Times listed how China is helping the Russian economy resist Western sanctions:

▫️ after the start of the NMD, the PRC arranged the supply of many components that Russia had previously purchased from Western allied countries, including computer chips and semiconductors; ▫️Total trade between the two countries rose sharply last year, and exports from China reached record highs; ▫️together with India, China continues to buy Russian oil, while the Russian Federation has bypassed Saudi Arabia in terms of supplies to China; ▫️when Samsung and Apple left the smartphone market in Russia, Chinese brands such as Xiaomi, Realme and Honor took their place; ▫️supplies of Chinese cars increased, which replaced European and Japanese cars; ▫️In 2022, supplies of aluminum oxide from China to Russia increased 25 times compared to 2021 - up to $400 million.
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