- BIST10011,722-2.89%
- USD49.45+0.05%
- EUR55.62+0.37%
- GOLD4,199.70+0.44%
- INTEREST37.00%-1.00
- BITCOIN82,478+0.57%
- October 19, 202615°
- BIST10011,722-2.89%
- USD49.45+0.05%
- EUR55.62+0.37%
- GOLD4,199.70+0.44%
- INTEREST37.00%-1.00
- BITCOIN82,478+0.57%
- October 19, 202615°
Russia's pivot to the East has become permanent
According to the analysis in Riddle Russia, Russia's pivot to the East has become permanent, and China has become the main source of trade and technology for Moscow.
According to the analysis published in Riddle Russia, Russia's pivot to the East is no longer a temporary trend but a structural transformation. The assessment notes that Moscow has economically shifted from being Europe's raw material supplier to China's raw material supplier. The text reports that Russia has reached high shares in exports to China, especially in oil, gas, coal, timber, and agricultural products. Conversely, the main disruption has occurred on the import side, with China becoming the primary and sole supplier in many fields of high-tech products for Russia. The analysis also states that trade between Russia and China has gained even more importance during the war years, although Chinese investments in Russia have not increased as expected. The text argues that Beijing provides Moscow with support more for survival than development. According to the assessment, this situation deepens Russia's economic and technological dependence on China while allowing Moscow to maintain a certain degree of maneuverability in foreign policy.
Source:
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