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Foreign policy
US reveals details of Russia-China economic and military cooperation
4 sourcesPublished · Updated
Ukraine's Foreign Intelligence Service reported an increase in Russia's dependence on China since 2022. China has become a key external support for the Russian economy, controlling a significant portion of trade and technology essential for Moscow.
Key facts
- Trade between Russia and China reached $244.8 billion in 2024
- The yuan's share in the Moscow currency market reached 99.8%
- Over 90% of trade between the countries is conducted in national currencies
Ukraine's Foreign Intelligence Service · US · China · Russia · US-China Economic and Security Review Commission
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