China and Russian trade partnerships become Stronger as China-Russia Rail Freight Volumes hit New Highs
Behind closed doors China and Russia are devising steps to build their trading benefits with each other...
The Chinese and Russian government bond has grown unshakable and new data has shown that rail freight into China from Russia has risen around 37% since Russia’s invasion of Ukraine.
Both countries had reported an agreement to increase the number of freight trains passing through shared borders. The plan includes the utilization of the new Tongjiang-Nizhneleninskoye Railway Bridge.
The monster of an infrastructure project has been completed just last week and there is no coverage in any of the western media.
The Chinese government says testing will now be underway and multiple sanitization stations will be built up in the next few weeks. According to both countries, the bridge is expected to be fully operational in August and will be a game-changer for China and the Russian trade.
Initial construction began in 2014 as Russia shifted its sights eastward. The bridge sheds some travel time from Heilongjiang in China’s northern area to Moscow by about 10 hours.
Trade between the two countries exceeded nearly $140 Billion in 2021. This was a historic milestone in itself and Russia now claims trade with China will reach nearly $200 Billion by 2024. Russia now holds a spot as the leading energy importer while accounting for 65.3% of the country’s total energy imports.
Read more about the upgrades in Chinese-Russian trade HERE