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DeepNewz, mobile.
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China massively surged its direct exports to Russia and is the main enabler of Putin's invasion of Ukraine. That isn't enough. China also sends a flood of goods to Russia via Kazakhstan (black), Kyrgyzstan (red) & Uzbekistan (orange). Plausible deniability for extra dodgy stuff. https://t.co/xgNE4vs6Nm
Russia's invasion of Ukraine kicked off a realignment of global alliances. Saudi Arabia pushed through multiple OPEC+ production cuts, helping Russia get more cash for every barrel of oil it exports. Now Saudi imports more machinery and electrical equipment from China than ever. https://t.co/QxDOv1sy2p
China's exports to Russia of transport equipment pulled back in early 2024 and there was speculation this might be due to fear of secondary sanctions. No. The pullback was just "Chinese New Year" effects. These exports are back to all-time highs. China is Putin's biggest enabler. https://t.co/NQcnPjSfsS
Russian firms are finding it increasingly difficult to receive payments from China due to recent US sanctions, according to a Bloomberg report on July 18. Several major Russian commodity exporters have reported that direct payments made in yuan are being frozen or delayed. This situation has emerged after the US broadened the criteria for imposing sanctions in June. Top executives at three commodities exporters have stated that it has become very difficult or even impossible to make direct payments from China to Russia, even when using yuan. The Chinese yuan, which has previously helped fund Russia's trade and war efforts, may no longer be a reliable currency for these transactions.
