Russia's ever-increasing economic dependence on China

Heli Simola

No 10/2025, BOFIT Policy Briefs from Bank of Finland Institute for Emerging Economies (BOFIT)

Abstract: This note discusses recent developments in economic relations between Russia and China. China has become an essential economic partner for Russia since the invasion of Ukraine. Cut off from most Western economies, Russia today is heavily dependent on trade with China and actively pursues greater cooperation with China. Yet new Chinese investment in Russia remains scarce. Indeed, foreign investment flows into Russia overall have collapsed and trends in Chinese investment are hardly better.

Keywords: Russia; China; trade; investment (search for similar items in EconPapers)
Date: 2025
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