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200 billion in the primary 11 months of final year, with the Chinese exports to Russia surging by 50 per cent. Half of Russia’s oil and petroleum exports went to China in 2023, with forty per cent going to India. 50 billion between January and October last year. Moscow’s financial ties with Beijing seem to be getting closer and closer, a lot so that there’s now a debate over whether or not Russia is turning into a vassal state. However for China, India, and different smaller countries desperate to step up trade with Russia, commercial opportunity, it appears, is the main driver. “Russians are quick of goods, so we’ll provide them and take a look at not break sanctions whilst we’re at it,” they may argue. The US and the EU will continue to penalize those that do, but this may symbolize just a fraction of illicit transactions. Furthermore, what to do with all the reliable commerce that is undeniably serving to Russia to weather the West’s sanctions regime? These questions will little question loom massive within the minds of Western policymakers as Putin prepares to secure a fifth presidential term in March.
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