Contents tagged with China

  • Russian oil exports pivot east with hefty discounts, costing companies billions in lost revenue

    The redirection of Russian oil exports to the East following Western sanctions and a European embargo has resulted in multibillion-dollar losses for Russian oil companies. Compelled to offer discounts in order to secure Chinese buyers, the Russian oil producers have missed out on approximately $9 billion in revenue. From March to December 2022, the total discount provided to Chinese buyers of Russian oil was $5.3 billion, and from January to September 2023 it was a further $3.7 billion, …

  • Russian Finance Minister: China is main supplier of drones to Russia

    Nearly all of the imported drones currently owned by Russia were supplied by China, said the Russian Finance Minister, Anton Siluanov. Speaking during a meeting of the State Duma's budget and taxation committee on October 16, Siluanov revealed the source of Russia's drone imports, publicly disclosing this information for the first time since Russia's invasion of Ukraine.

    "Today, the majority of drones are from the People's Republic of China. We are grateful to our partners. However, we need to …

  • Zelensky invites Xi Jinping to visit Ukraine

    Ukrainian President Volodymyr Zelensky has sent an official invitation to Chinese leader Xi Jinping, who last week made a three-day visit to the Russian Federation and met with Vladimir Putin.

    "We are ready to see Xi Jinping. I want to talk to him," Zelensky said in an interview with Associated Press.

    The Ukrainian President said that before the beginning of the full-scale war, he was in contact with the President of the People's Republic of China, but there have been no contacts since the …

  • After Xi's visit to Moscow Chinese logistics giant stops shipping goods to Russia

    After the visit of Chinese President Xi Jinping to Moscow, during which the Russian and Chinese sides declared a strategic partnership and economic cooperation, the largest logistics company in China stopped the shipment of goods to Russia from its warehouses in Shanghai and Shenzhen.

    The news outlet Baza reports, citing a source working in a purchasing department of one of the Russian companies, that the Chinese OOCL Logistics refuses to ship to Russia dresses, skirts, pants, shoes, and other …

  • Lukashenko to visit China

    The self-proclaimed president of Belarus, Alexander Lukashenko, will make a "state visit" to China on February 28-March 2, reported his press service.

    "The focus will be on the development of trade, economic, investment and humanitarian cooperation, the implementation of joint large-scale projects, interaction in the political sphere, responding to the most acute challenges in the modern international situation," the statement reads.

    Minsk authorities claim that Lukashenko and Chinese …

  • German media: China preparing to supply Russia with kamikaze drones for war in Ukraine

    China is going to supply Russia with kamikaze drones, which will be used against Ukraine, reports Der Spiegel. According to the newspaper, Moscow and Beijing are already in talks about the first shipment of one hundred drones.

    According to Der Spiegel, the supplier is the Chinese manufacturer of drones Xi'an Bingo Intelligent Aviation Technology. The company has agreed to provide Russia with prototypes of his ZT-180 UAVs by April 2023. Military experts believe that the drones will be similar …

  • Beijing bans exports of Chinese military grade processors to Russia

    The Chinese government has banned exports of Loongson processors, which use proprietary LoongArch architecture, to Russia, reports the Russian newspaper Kommersant.

    The reason for the ban was that this technology was deemed strategically important by the Chinese authorities since it is used in the defense industry. Russian electronics manufacturers have already tested these Chinese processors in case the shipments of American Intel and AMD processors are blocked.

    Kommersant notes that now it …

  • China suspected of providing military assistance to Russia

    China is reportedly providing military assistance to Russia. Russian An-124 Ruslan planes are flying almost daily to China and returning to Moscow the same day, reports the Ukrainian military news website Defence Express.

    Flights to China of the cargo planes belonging to the Russian company Volga-Dnepr have been regularly reported by the freight tracking online services. According to Defence Express, some flights have been carried out secretly with Russian cargo planes flying with their …

  • Kazakhstan blocks supplies of Russian grain to Central Asia and China

    The Russian national railway company Russian Railways has asked Kazakhstan to reduce transit tariffs. Russia exports grain and other goods to the countries of Central Asia and China through Kazakhstan.

    According to the Russian newspaper Vedomosti, in September the Russian Railways sent a letter to Kazakhstan Temir Zholy (Kazakhstani Railways) asking to reduce the tariffs but there have been no changes since then. On November 8, as the publication indicates, tariffs were discussed at a closed …

  • Chinese Huawei preparing to leave Russia

    The Chinese manufacture company Huawei intends to leave the Russian market and is suspending it works with local counterparties. The manufacturer of smartphones and electronics intends to close its head office. The company has also stopped supplying new products to the Russian market, focusing on selling off the remaining inventory, reports the Russian newspaper Izvestia, citing its sources

    "Huawei really does not supply its devices to Russia directly now," one of the sources close to one of …